Bain Capital-backed BCPE Blitz Cayman LP raised its tender offer price for internet services company Kakaku.com (TYO:2371) to 3,700 yen per common share from 3,597 yen, LY Corporation (TYO:4689) said in a Monday filing with the Tokyo Stock Exchange.
The price for shares covered by a non-tender agreement with KDDI Corp. (TYO:9433) was unchanged at 3,720 yen. All necessary approvals for the tender offer have been secured, it said.
Shares of LY Corporation fell nearly 2% in recent trade, while those of KDDI Corp. declined more than 1%.
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