Activist fund Strategic Capital extends hostile bid for Japan's Keihanshin Building

Keihanshin Building

17/12/2020 07:02

TOKYO, Dec 17 (Reuters) - Activist fund Strategic Capital
said it has extended its hostile bid for Japanese property firm
Keihanshin Building  8818.T  to Jan. 12 from Thursday. 
    Strategic Capital, set up by Tsuyoshi Maruki, who used to
work with Japanese prominent activist investor Yoshiaki
Murakami, did not raise the offer price, as recent gain in
Keihanshin's stock price was only driven by expectation for a
higher bid, the fund said in a filing. 
    Strategic Capital last month launched the 1,900 yen ($18.42)
per share bid for Keihanshin, which owns office and retail
buildings as well as data centres mainly in the Osaka region.
Keihanshin is opposed to the bid.  urn:newsml:reuters.com:*:nL4N2I52SW
 ($1 = 103.1500 yen)

 (Reporting by Junko Fujita; Editing by Himani Sarkar)
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