ABLE & PARTNERS Goes To Private

ABLE & PARTNERS Inc., a listed real estate broker, announced that ABLE & PARTNERS approve a tender offer from an investment entity set up by its CEO Shigeru Sato. The TOB price is set at 580 yen, a 44.3% premium over its 3 month average. Risona Bank and the Bank of Tokyo-Mitsubishi UFJ are ready to provide as much as 34.4 billion yen in financing.