MASPRO To Go Private Via MBO

MASPRO DENKO Co., a major TV reception-related equipment manufacturer, announced that it has accepted a tender offer from an investment vehicle set up by the current CEO of MASPRO. The TOB price is at 1070 yen, a 65.1% premium over its 3 month average. Mitsui Sumitomo Bank is ready to provide up to 20.3 billion yen in financing.