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Bain gets almost 90 pct of Japan's Asatsu-DK in tender offer -Nikkei

Bain gets almost 90 pct of Japan's Asatsu-DK in tender offer -Nikkei
From Reuters - December 6, 2017

TOKYO (Reuters) - U.S. private equity firm Bain Capital has garnered nearly 90 percent of Japanese advertising agency Asatsu-DK Incs (ADK) (9747.T) shares in a tender offer that closed on Wednesday, the Nikkei business daily reported.

ADK is expected to announce on Thursday the results of the tender offer after a months-long dispute between Bain and its top shareholder, WPP (WPP.L).

Bain had been seeking a stake of at least 50.1 percent to take ADK private, offering 3,660 yen per share in Japans third-biggest ad agency.

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