Bain Capital's K.K. BCJ-92 Advances JAMCO Takeover Bid After Regulatory Hurdles Cleared

MT Newswires Live
05 May

BCJ-92, a Bain Capital affiliate, has amended its tender offer for Jamco (TYO:7408) after securing shortened regulatory approval under Japan's Foreign Exchange Act, enabling share acquisitions from May 2, according to its bourse filing on May 2.

While the investor waived two key preconditions, including Foreign Exchange Act clearances and a remaining business partner's consent-negotiations with the final holdout vendor continue post-offer period.

The unchanged offer price per share bid follows Jamco's April 21 tender launch, with settlement terms now excluding potential withdrawal triggers related to dividend payouts or share buybacks exceeding 10% of net assets.

Legal disclosures emphasize compliance with Japanese securities laws, noting that US investors may face jurisdictional limitations in disputes.

Price (JPY): $1798.00, Change: $-1.0, Percent Change: -0.06%

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