November 29, 2016 / 7:30 AM / a year ago

MBK offers to buy Japan's Accordia Golf for $760 million

TOKYO, Nov 29 (Reuters) - Seoul-based private equity firm MBK Partners said on Tuesday it would acquire Japanese golf course operator Accordia Golf Co for about $760 million.

MBK said it would launch a tender offer to buy all shares in Accordia Golf at 1,210 yen ($10.78) per share, a 16.9 percent premium to Tuesday’s closing price.

MBK said the deal would be worth 85.3 billion yen ($760 million) for a 100 percent stake, but the amount would be 103.7 billion yen if all stock options are exercised. ($1 = 112.2700 yen) (Reporting by Taiga Uranaka; Editing by Himani Sarkar)

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