KKR's tender offer for Hitachi Transport to be delayed -statement
Reuters
Published Sep 29, 2022 03:49AM ET
TOKYO (Reuters) - Japan's Hitachi (OTC:HTHIY) Transport System Ltd said on Thursday it had been informed by KKR & Co (NYSE:KKR) that the private equity firm's tender offer for it would be delayed from the initially planned end-September start.
In a statement, Hitachi Ltd 's logistics arm cited KKR as saying it would now aim for a mid-November start pending regulatory approval and other processes.
KKR announced the estimated 670 billion yen ($4.63 billion) deal in April, offering 8,913 yen per share.
($1 = 144.7600 yen)
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Written By: Reuters
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