( July 23, 2024, 08:56 GMT | Official Statement) -- MLex Summary: Private equity fund Advantage Partners will launch a tender offer for Japan's main lead-acid battery maker Furukawa Battery. Advantage Partners will offer 1,400 yen ($9) per share for a minimum of 3.07 million shares, with partial financing from Tokyo Century. Furukawa Battery's parent company Furukawa Electric won't take part in the bid, and will sell its shares after the tender offer. Advantage Partner said that it will launch its tender offer in late March 2025 after securing competition authority approvals in Japan and Thailand.The statement, in Japanese, is attached:...
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