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MCJ shares fall sharply for first time in 4 days as Bain Capital states no intention to raise TOB price

Thu Apr 2, 2026 9:53 am JST Catalyst

MCJ Co., Ltd. <6670> fell sharply for the first time in four days. On February 6, the company announced the implementation of an MBO (management buyout) in partnership with U.S. investment fund Bain Capital. BCPE Meta Cayman, operated by Bain Capital, is conducting a TOB (tender offer bid) aimed at taking the company private at a purchase price of \2,200 per share. Following MCJ's stock price trading above the TOB price, Bain Capital announced after the close of trading on April 1 that it has no intention to raise the TOB price and does not plan to extend the tender offer period beyond the 7th. This announcement led to a retreat in speculation over a possible price increase, prompting sell-offs.

Bain Capital asserts that the TOB price was determined after multiple rounds of negotiations with MCJ and the special committee established by the company, and that it is a price that fully considers the interests of general shareholders.

Source: MINKABU PRESS

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