Dai-Ichi life to launch TOB for Benefit One in competing bid against M3
07/12/2023 08:50
TOKYO, Dec 7 (Reuters) - Japan's Dai-Ichi Life Holdings
8750.T said on Thursday that it plans to launch a tender offer
for Benefit One shares 2412.T in a competing bid against M3
Inc 2413.T .
Benefit One's parent company Pasona Group 2168.T had
already agreed to tender all of its 51.16% stake in Benefit One
to M3, which launched tender offer last month.
Dai-Ichi Life said it plans to offer 1,800 yen ($12.39) per
Benefit One share, against M3's bid of 1,600 yen.
($1 = 145.3000 yen)
(Reporting by Mariko Katsumura; Editing by Edmund Klamann)
((Mariko.Katsumura@thomsonreuters.com;))