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KKR Seeks to Take Hitachi Transport Private in $5.2 Billion Deal

  • Deal includes Hitachi-owned 40% stake in logistics company
  • Purchase will mark another significant deal for KKR in Asia
Hitachi Ltd. President Toshiaki Higashihara Interview
Photographer: Shoko Takayasu/Bloomberg
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KKR & Co. unveiled a tender offer to take Hitachi Transport System Ltd. private in a deal valued at about 670 billion yen ($5.2 billion).

KKR is offering 8,913 yen for each share of Hitachi Transport on the market, a 166% premium to Hitachi Transport’s 12-month average closing price through yesterday, KKR said in a statement Thursday. The private equity firm said that it’s paying 6,632 yen a share for Hitachi’s 40% stake.