Star Cable Network To Be Delisted Via Tender Offer

Star Cable Network, a Nagoya-based CATV operator, announced that Star Cable Network approved a tender offer from Community Network Center Inc(CNCI)., a private Nagoya-based holding company of 8 CATV operators. The TOB price is set at 79,300 yen, a 74.7% premium over a 3 month average. Star Cable will be delisted upon the successful outcome of the deal. CNCI is the third largest CATV operator behind J:Com and JCN.

Trust Banks To Go Heavy On Domestic Bonds In FY12 Pension Investing

Shifting to a defensive posture, three of the biggest trust banks will raise the domestic-bond weightings of their standard portfolio for corporate pension funds next fiscal year, according to the Nikkei. Their average Japanese bond allocation will rise to 38.5%, the highest level in a decade and more than 10 percentage points higher than the near-term low in fiscal 2007. Most of this category consists of government bonds. At the same time, trust banks will trim pension funds' exposure to equities to shield investors from the European debt crisis and other risks. The figures are for balanced portfolios managed by Sumitomo Trust, Mitsubishi UFJ Trust, Mizuho Trust and Resona Bank. The standard portfolios consist of foreign and domestic stocks and bonds. Expected returns are around 4 %.

UNY To Make Its Convenience Store Private

UNY Co. Ltd., a major chain store operator for general retail services, announced that UNY make a tender offer for Circle K Sunkus Co., an UNY Group conveniece store operator. The TOB price is set at 1,780 yen, a 40% premium over a 3 month average. UNY is the lagerst shareholder(47.28%)of Circle K Sunkus, approve the offer. Circle K Sunkus will be delisted upon the successful outcome of the deal.

Kozosushi To Go Private Via Tender Offer

Kozosushi So-Honbu Co., Ltd., a nationwide franchiser of take-out sushi restaurants, announced Kozosushi approve the tender offer from an investment vehicle by Ikuo Kimura, an experienced entrepreneur. The TOB price is set at 140 yen, a 8.5% discount to a 3 month average. Kozoshushi's largest shareholder Skylark Co. Ltd., a Bain-backed family restaurants operator, agreed to the offer.

D.A. Consortium To Acquire ngi group via Tender Offer

D.A. Consortium Inc., a internet-based advertisement company, announced that DA Consortium make a tender offer for ngi group, inc., an internet business company. The TOB price is set at 324 yen, a 44% premium over a 3 month average. DA Consortium belongs to Hakuhodo Group, a major advertisement company. ngi focuses on venture capital business as well as advertisement services on internet.

Glory To Purchase Talaris Topco From Carlyle Europe

Glory Ltd., a major money handling machine manufacturer, announced that Glory acquire all of outstanding shares of Talaris Topco Ltd., PE-backed English provider of cash handling equipment and software solutions. The consideration for the acquisition is expected to be about 650 million pounds. Carlyle Europe funds invested in September 2008. Through the acquisition, Glory will accelerate the overseas business.

Takasago Engineering To Acquire Building Maintenance Firm Via Tender Offer

Takasago Thermal Engineering Co., Ltd. , a major airconditioning engineering company, announced that Takasago make a tender offer for Marusei Co., Ltd., a medium-sized building maintenance company. Marusei approved the offer. The TOB price is set at 600 yen, a 43.54 % premium over a 3 month average.

Ushio To Acquire ADTEC Engineering Via Tender offer

Ushio Inc., a light(lamp)-oriented electrical company, announced that Ushio will make a tender offer for ADTEC Engineering Co., Ltd., an exposure systems-based manufacturer. The TOB price is set at 400 yen, a 29.87% premium over a 3 month average. The founding family(its largest shareholder) of ADTEC agreed to the tender offer.

Akatsuki Financial To Tender Offer For Financial Contents Provider

Deamvisor Holdings, an internet-based financial contents provider, announced that Dreamvisor approved the tender offer from Akatsuki Financial Group, a medium-sized financial group. The TOB price is set at 36,000 yen, a 63.82% premium over a 3 month average. Akatsuki holds a securities house, a future commodity house and an asset management company,who will take advantage of Dreamvisor's service. Dreamvisor will remain on the exchange after the deal.

Orix To Acquire Major Liquor Distributor

Orix Co., a lease-oriented financial conglomerate, will buy Kawachiya Corp., a major wholesaler of beer, wine, and spirits, according to Nikkei. Orix will acquire the shares from its founding family and plans to realign the industry, which is full of small, owner-oriented distributors.

Next Capital To Exit Investment In Sato Benec

Next Capital Partners Co., Ltd., a SME-focused private equity firm, announced that Next Capital reached an agreement with Daisen Building Co., Ltd., a private real estate company that Next Capital will sell its 100% share of Sato Benec Co., Ltd., a construction company, to Daisen Building. Next Capital invested in Sato Benec in February 2007.

IHI To Make Group Companies Private Via Tender Offer

IHI Co., one of the major comprehensive heavy electric machinery manufacturers, announced that IHI will make a tender offer for its listed subsidiary, IHI Construction Materials Co., Ltd. The TOB price is set at 175 yen, a 38.89% premium over its 3-month average. IHI will also make another offer for its listed subsidiary, IHI Transport Machinery Co., Ltd.. The TOB price is set at 670 yen, a 52.97% premium over its 3-month average. Both companies will be delisted upon successful outcome of the deals.

Average Group Annuities Inked -8.51% By 3rd Q. of 2011

The average return for group annuities in special accounts which Japan's six largest insurers invest in on behalf of corporate pension funds was minus 8.51% in the cumulative 3rd quarter of fiscal 2011, compared with minus 3.67% a year earlier, according to Nikkei. The poor performance in investment return is mainly attributed to a drop in domestic stock prices and the yen's sharp appreciation.

Benesse To Acquire UP Inc. Via Tender Offer

UP Inc., a listed cram school operator, announced that it approved a tender offer from Benesse Holdings Inc., a leading independent education provider. The TOB price is set at 1050 yen, a 84.9% premium over its 3 month average. UP will delist from the Tokyo Stock Exchange after Benesse's buyout.

NTT Data To Tender Offer For JBIS

JBIS Holdings Inc., a securities industry-focused software company, announced that JBIS approved a tender offer from NTT Data Co., a major system integrator. The TOB price is set at 310 yen, a 31.91% premium over a 3-month average. JBIS will be delisted upon the successful outcome of this deal.

NTT Docomo To Tender Offer For Home Delivery Servicer

Radish Boya Co., Ltd., an organic vegetable home delivery service provider, announced that it approved a tender offer by NTT Docomo Inc. the biggest mobile carrier in Japan. The TOB price is set at 990 yen, a 36.6% premium over its 3-month average. Radish's top shareholder is a buyout fund managed by JAFCO Co.Ltd., a listed private equity firm, who agreed to accept the offer. Upon the successful outcome of this deal, NTT Docomo plans to provide at most a 20% share of Radish to Lawson, a leading convenience store operator, for further business development among the 3 parties.

AP To Acquire Housing Renovator Via Tender Offer

Yasuragi Co., Ltd., a Nagoya Exchange-listed housing renovation and sales company, announced that it approved a tender offer from an investment vehicle by Advantage Partners, a major private equity firm. The TOB price is set at 627 yen, a 82.80% premium over its 3-month average. The deal size is capped at 12.9 billion yen. Yasuragi will be delisted upon a successful outcome of the deal.

Nurcing Home Operater To Acquire Nursing Care Provider

Japan Care Service Group Co., a listed nursing care provider, announced that it approved a tender offer by Message Co., Ltd., a listed nursing home operator. The TOB price is set at 345 yen, a 50% premium over a 3-month average. The deal size is about 2.849 billion yen at most.

Parker Hannafin To Tender Offer For TAIYO

TAIYO, Ltd., a listed hydraulic/pneumatic equipment maker, announced that TAIYO approved a tender offer by its largest shareholder (56.49%) Parker-Hannifin Corporation. The TOB price is set at 250 yen, a 103.3% premium over a 3-month average. Parker-Hannifin is a NYSE-listed global leader in motion and control technologies. Parker-Hannifin formed a capital and business alliance with TAIYO in Feb. 2014. TAIYO went public in March 2008.

Fuji Media To Acquire Sankei Building

Fuji Media Holdings Inc., a listed broadcasting holding company, announced that its wholly owned subsidiary Fuji Media Service Inc., will acquire The Sankei Building Co., Ltd., a mid-size real estate developer, through a tender offer. The TOB price is set at 740 yen, a 139% premium over a 3-month average. The deal size is at most 32.83 billion yen. Fuji Media Service is the largest shareholder of Sankei Building (29.85%).