HORIPRO To Go Private Via MBO

HORIPRO Inc., a listed major talent agency, announced that HORIPRO approved a tender offer from an investment vehicle set up by its founding family, the Horis. The TOB price is at 1,050 yen, a 61% premium over a 3-month average. Mitsui Sumitomo Bank is ready to provide up to 8.45 billion yen in financing. HORIPRO will be delisted upon the successful outcome of the deal.