Bain launches discount tender offer for Japanese mobile retailer T-Gaia (updated)

T-Gaia

30/09/2024 07:29

(Recasts with official announcement)
       TOKYO, Sept 30 (Reuters) - Bain Capital on Monday
launched a tender offer for Japanese cell phone retailer T-Gaia
 3738.T  at 2,670 yen per share, a 26.5% discount to T-Gaia's
Friday close price.
        Bain Capital has agreed with T-Gaia's major shareholders
Sumitomo Corp  8053.T  and Hikari Tsushin  9435.T  to take the
company private, T-Gaia said in a corporate disclosure.
        Bain will spend a total of more than 140 billion yen
($987 million) to take T-Gaia private, the Nikkei business
daily, which first broke the news, reported
  
    
    ($1 = 141.7900 yen) 

 (Reporting by Kantaro Komiya; Editing by Tom Hogue)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))