AP To Acquire Housing Renovator Via Tender Offer

Yasuragi Co., Ltd., a Nagoya Exchange-listed housing renovation and sales company, announced that it approved a tender offer from an investment vehicle by Advantage Partners, a major private equity firm. The TOB price is set at 627 yen, a 82.80% premium over its 3-month average. The deal size is capped at 12.9 billion yen. Yasuragi will be delisted upon a successful outcome of the deal.