Deals
Bain to Buy Nissin Shares to Go Private in $756 Million Deal
This article is for subscribers only.
Japanese logistics company Nissin Corp. said Bain Capital will buy its shares from shareholders for it to go private through a management buyout, in a deal worth about ¥112 billion ($756 million).
US investment firm Bain is planning to buy 13.85 million shares from stockholders at ¥8,100, according to a company filing. The offer price represents about a 51% premium from the closing level on May 9, just before Bloomberg reported on the planned deal. The tender offer will run from May 13 to July 8, according to the filing.