Gold-Pak To Go Private With iSigma

Gold-Pak Co., LTD. a Nagano-based beverage manufacturer, announced that Gold-Pak approved the take-over bid from an investment firm set up by iSigma Capita, a middle-market buyout firm and a 100% subsidiary of Marubeni Corporation. The investment firm made the bid at 1641 yen, a 56% premium over its 3-month average. Phoenix Capital, Gold-Pak's largest shareholder, and Tokyu Corp., the second largest shareholder, agreed to accept the bid.