Business Software Maker To Go Private via MBO

Business Trust Co., Ltd., a developer of accounting package software, announced that Business Trust approved the tender offer from Yoshiki Holding Co., an investment vehicle by the founding family. The TOB price is set at 35,000, a 46.6% premium over a 3-month average. Since the demand for IT-related investments has been sluggish across the wide variety of industries, some of IT players have started to implement their own strategies like M&A, MBO etc.