Kawaijuku Group To Tender Offer for Mainichi Comnet

KJ Holding Co., a holding company of Kawaijuku Education Institution Group, announced that KJ will make a tender offer for Mainichi Comnet Co., Ltd., a student-focused real estate service provider. The TOB price is set at 405 yen, a 27% premium over 3 month average. Mainichi Comnet plans to broaden its customer base, with help from Kawaijuku who provides educational services to teenage students.