Rising Sun Management (RSM) has offered to buy 100 per cent of Japanese marketing research firm Intage Holdings for JPY1900 per share through its Japanese vehicle Hikari Acquisition KK.
The offer values Intage at approximately JPY76.7 billion.
Paul ffolkes Davis, Chairman of RSM, made the offer in a letter delivered to Noriaki Ishizuka, President and Representative Director, Intage Holdings.
“We expect you to now convene an ‘independent committee’ as described by Japanese M&A guidance rules to evaluate our offer,” ffolkes Davis said in the letter. The offer is subject to financing and approval by the Board of Intage Holdings.
