May 17, 2010

CAS Capital To Sponsor a MBO of Marktec Corporation

CAS Capital has announced that it will sponsor a take-private MBO of Marktec Corporation (JASDAQ 4954), a maker of non destructive testing (NDT) products, through a tender offer. The tender offer price is JPY 1,400, a 42.6% premium over the last 6 month average trading price. The tender offer value is JPY 6 billion (USD 65 million). CAS plans up to JPY 3.52 billion (USD 38 million) of equity investment and up to JPY 2.83 billion (USD 30.8 million) of bank loans. The company forecasts its annual sales at JPY 4.1 billion (USD 44.5 million) and operating profit atf JPY 0.39 billion (USD 4.2 million) for the September 2010 period.

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