Fuji Food To Go Private Via MBO With Valiant

Fuji Food Co., a Tokyo-based producer & distributor of cooked rice, delicatessens sandwiches etc, announced that a vehicle managed by Valiant Partners, a mid-sized investment firm, will conduct a tender offer at 500 yen a share. It is a 24.4% premium over its six-month average. The acquisition cost would be around 7 billion yen.