Nippon Active Value Fund plc, managed by International Fund Management Limited made an offer to acquire remaining 94.64% stake in INTAGE HOLDINGS Inc. from Michael 1925 LLC, managed by Rising Sun Management Ltd., Earle 1927 LLC and others for ¥72.6 billion.
February 07, 2022
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Nippon Active Value Fund plc (LSE:NAVF), managed by International Fund Management Limited made an offer to acquire remaining 94.64% stake in INTAGE HOLDINGS Inc. (TSE:4326) from Michael 1925 LLC, managed by Rising Sun Management Ltd., Earle 1927 LLC and others for ¥72.6 billion on February 7, 2022. As per the transaction, Nippon Active Value Fund plc will pay ¥1900 per share. As of April 27, 2022, Rising Sun Management has increased its offer price to ¥1950 per share and the remaining 94.64% stake of INTAGE HOLDINGS will be acquired at ¥74.7 billion.
INTAGE HOLDINGS Inc., formerly INTAGE Inc., is a provider of marketing research and consulting services. The Market Research and Consulting segment is engaged in marketing research operations, including customer panel research, retail shop panel research and other research activities; customized research services, including Internet research, mail survey, visiting interview survey and qualitative research, as well as the provision of related consulting services. The System Solution segment is engaged in the development and sale of software, the operation of systems and data centers, and the provision of various related consulting services. The Drug Development Support segment is engaged in the contract research organization (CRO) business. As of March 31, 2014, the Company had 24 subsidiaries and one associated company.
Nippon Active Value Fund plc, managed by International Fund Management Limited made an offer to acquire remaining 94.64% stake in INTAGE HOLDINGS Inc. from Michael 1925 LLC, managed by Rising Sun Management Ltd., Earle 1927 LLC and others for ¥72.6 billion.