NTT Docomo To Tender Offer For Home Delivery Servicer

Radish Boya Co., Ltd., an organic vegetable home delivery service provider, announced that it approved a tender offer by NTT Docomo Inc. the biggest mobile carrier in Japan. The TOB price is set at 990 yen, a 36.6% premium over its 3-month average. Radish's top shareholder is a buyout fund managed by JAFCO Co.Ltd., a listed private equity firm, who agreed to accept the offer. Upon the successful outcome of this deal, NTT Docomo plans to provide at most a 20% share of Radish to Lawson, a leading convenience store operator, for further business development among the 3 parties.