Kozosushi To Go Private Via Tender Offer

Kozosushi So-Honbu Co., Ltd., a nationwide franchiser of take-out sushi restaurants, announced Kozosushi approve the tender offer from an investment vehicle by Ikuo Kimura, an experienced entrepreneur. The TOB price is set at 140 yen, a 8.5% discount to a 3 month average. Kozoshushi's largest shareholder Skylark Co. Ltd., a Bain-backed family restaurants operator, agreed to the offer.