Baring Private Equity says it is offering to buy Japan’s Nichiigakkan at 2,000 yen per share

TOKYO (Reuters) – Hong Kong-based buyout firm Baring Private Equity said on Monday it has offered to buy Japan’s nursing home operator Nichiigakkan (9792.T) at 2,000 yen ($18.77) per share.

Nichiigakkan has agreed to be bought by the U.S. buyout firm Bain Capital and Bain’s offer is set to expire on Monday.

Baring Private Equity said in a statement it has not yet gained support from the management of Nichiigakkan for its offer.

Reporting by Junko Fujita; Editing by Jacqueline Wong


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