Carlyle Group Offers 880 Yen/Share for Tryt in Tender Offer

Carlyle Group offers 880 yen/share to acquire all shares of medical human-resources company Tryt.

• Offer represents premium of ~35% compared to Tuesday closing price of 654 yen: Bloomberg calculation
  • Tryt shares rose ~15% over Tuesday trading
• Tender offer to start Wednesday and run through July 23
• A company controlled by EQT will sell its 60% stake in Tryt directly to the buyer following the tender offer
• Related Story: Carlyle on Japan Hiring Spree After New $3 Billion Buyout Fund

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Eddy Duan in Tokyo ...