TOKYO Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel agency H.I.S. Co.
TOKYO China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans said.
TOKYO Private equity investor JC Flowers & Co will cut its stake in Japan's Shinsei Bank to less than 4%, according to a filing by the lender, selling shares worth around $700 million nearly two decades after one of Japan's first buyout deals.
TOKYO Global private-equity firm Bain Capital LLC is in early talks with investors to set up a new fund targeting mid-sized Japanese companies, a person with knowledge of the matter said.
TOKYO, July 18 Global private-equity firm Bain
Capital LLC is in early talks with investors about raising a new
fund targeting mid-sized Japanese companies, a person with
knowledge of the matter said.
TOKYO Japan's Hitachi Ltd has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due in August, people familiar with the matter said, a deal that is expected to draw interest from global private-equity firms.
TOKYO Japan's trade ministry has overhauled guidelines for mergers and acquisitions to better protect minority shareholders in the case of management buyouts, a reform that comes amid a renewed focus on shareholder rights.
TOKYO The former chief executive of Japanese toilet maker Lixil Group was reinstated on Tuesday after shareholders backed him at an annual general meeting (AGM), likely marking a high-profile victory for corporate governance in Japan.
* Focus should now be on profitability - Jefferies
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