(Bloomberg) – Micro Inc. trend shares jumped. Most since November 2023 on reports that several private equity companies are competing to take over the $ 8.5 billion Japanese cyber security company.
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Bain Capital, Advent International and EQT AB are among companies expressing interest in taking the company privately, Reuters reported, noting unknown sources. KKR may also be involved, the agency said.
Trend Micro shares, competing against people like McAfee, raised as much as 16% Thursday morning in Tokyo.
Japan sees a surge in a purchase activity, fired by weak yen and regulatory pressure on companies to promote shareholder forms. Operators have also increased their purchase, setting a record for investment in Japan with the purchase of at least ¥ 1.2 trillion ($ 7.8 billion) of Japanese stocks, according to data compiled by Bloomberg Intelligence.
However, many potential buyers target the same companies. Last year, Blackstone Inc. Start a $ 1.7 billion deal for Japanese Romance Manga provider Infocom Corp. After offering against KKR and Sony Music Entertainment. Kkr is now fighting bain in battle for Fuji Soft Inc.
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