Bidding War Spurs Taiyo to Consider Higher Bid for Roland DG
- Printer manufacturer Roland DG faces rare hostile takeover bid
- Taiyo Pacific also mulls accepting Brother’s bid, co-CEO says
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Taiyo Pacific Partners LP is considering raising its ¥61.9 billion ($400 million) tender offer for Japanese printer maker Roland DG Corp. to fight off an unsolicited bid from Brother Industries Ltd.
Taiyo Pacific, Roland DG’s biggest shareholder with a 19.4% stake, is weighing that option against two others — accepting Nagoya-based Brother’s takeover bid at ¥5,200 a share and abandoning the buyout when the tender offer expires later this month, Taiyo Pacific Co-Chief Executive Officer Brian Heywood said. Taiyo Pacific is offering ¥5,035 a share.