ALC To Go Private Via MBO With Nippon Mirai Capital

ALC Press Inc., a listed language-focused educational service provider, announced that ALC approved a tender offer from an investment vehicle by Nippon Mirai Capital Co., Ltd., a medium-sized private equity firm. The TOB price is set at 27,500 yen, a 33.73% premium over its 3-month average. Shinsei Bank is ready to provide up to 2.6 billion yen in financing. ALC went public in August 2006.