GOTO To Delist via MBO

GOTO Co., Ltd. a Shizuoka-based roadside chain store operator, announced that it will accept a tender offer from an investment vehicle set up by the current CEO of GOTO. The TOB price is at 395 yen, a 80% premium over a 3 month average. Shizuoka Bank is ready to provide up to 2.5 billion yen in financing. GOTO will be delisted upon the successful conclusion of the deal.