Blackstone to take Japan’s TechnoPro private for $3.4 billion

TOKYO, Aug 6 (Reuters) – Blackstone (BX.N) said on Wednesday that it will launch a $3.5 billion tender offer for TechnoPro Holdings (6028.T) the Japanese engineer staffing firm.

The world’s largest alternative asset manager is offering 507.4 billion yen or 4,870 yen per a share – a 17.4% premium to the share’s closing average for the past three months.

ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by atvite.com.

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

TechnoPro shares closed down 2% at 4,876 yen.

ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by atvite.com.

The Nikkei business daily reported the plan late on Tuesday, saying Blackstone would offer a price below 4,900 yen.

Advertisement · Scroll to continue

ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by atvite.com.

($1 = 147.4600 yen)

A ogo of Blackstone is pictured near the scene of a deadly mass shooting in Manhattan, in New York City · Reuters
ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by atvite.com.
ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by atvite.com.