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UPDATE 1-Murakami-linked fund backs out of bid for Japan Asia Group


By Reuters Staff
(Adds background, shares halted)
TOKYO, March 3 (Reuters) - A Japanese fund backed by veteran activist investor Yoshiaki Murakami cancelled its offer for energy and environment firm Japan Asia Group (JAG), after pressuring private equity firm Carlyle Group to withdraw a competing bid last month.
On Wednesday, City Index Eleventh said it was withdrawing its bid after JAG refused to cooperate with its efforts to carry out due diligence and announced a large, special dividend.
Murakami is one of Japan’s few, well-known activist shareholders. His typical strategy includes building up a stake in a company in the middle of a takeover and demanding that management boost its sale price. ....

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Carlyle raises offer to buy Japan Asia Group to $463 mln, tops planned bid by activist fund


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TOKYO (Reuters) - Carlyle Group said on Tuesday it would increase its offer for energy and environment services firm Japan Asia Group (JAG) to 48 billion yen ($462.52 million), doubling the per share element and topping the value of a bid an activist fund has said it s lining up.
The global fund, in conjunction with JAG s Chairman and Chief Executive Officer Tetsuo Yamashita, is now offering to pay 1,200 yen per share, double the original terms of a management buyout launched last November, along with a cash payment. Previously the bid valued the target at 37 billion yen.
JAG shares surged 7.2% to 940 yen on Tuesday. The announcement was made after the market closed. ....

Junko Fujita , Yoshiaki Murakami , Tetsuo Yamashita , Kenneth Maxwell , Chief Executive Officer Tetsuo Yamashita , ஜன்கோ புஜிதா , யோஷியாகி முரகாமி , கெநெத் மேக்ஸ்வெல் ,

Carlyle raises offer to acquire Japan Asia Group to $463m


Carlyle raises offer to acquire Japan Asia Group to $463m
Photo: Reuters
January 26, 2021
Carlyle Group said on Tuesday it would increase its offer for energy and environment services firm Japan Asia Group (JAG) to 48 billion yen ($462.52 million), doubling the per share element and topping the value of a bid an activist fund has said it’s lining up.
The global fund, in conjunction with JAG’s Chairman and Chief Executive Officer Tetsuo Yamashita, is now offering to pay 1,200 yen per share, double the original terms of a management buyout launched last November, along with a cash payment. Previously the bid valued the target at 37 billion yen. ....

Yoshiaki Murakami , Tetsuo Yamashita , Japan Asia Group , Carlyle Group , Chief Executive Officer Tetsuo Yamashita , யோஷியாகி முரகாமி , ஜப்பான் ஆசியா குழு , கார்லைல் குழு ,