European investment fund EQT has decided to acquire Japanese elevator maker Fujitec through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily reported on Tuesday.
Fujitec has been the target of activist investors, notably Hong Kong-based Oasis Management, which is currently its top shareholder with a stake of about 30%.
EQT’s tender offer price is likely to be in the upper 5,000 yen range, compared with the closing price of 6,205 yen on Tuesday, the Nikkei said.
Reuters
