Yoshiaki Muarkami News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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TOKYO (Reuters) - A Japanese fund backed by veteran investor Yoshiaki Murakami plans to make an 18 billion yen ($173 million) bid for energy and environment firm Japan Asia Group (JAG), topping a management buyout offer backed by Carlyle Group.
FILE PHOTO: The logo of the Carlyle Group is displayed at the company s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato
City Index Eleventh said on Thursday it would offer 840 yen per share for JAG, a 40% premium to Carlyle’s offer of 600 yen.
Global buyout fund Carlyle teamed up with JAG’s chairman and CEO Tetsuo Yamashita in November to launch the management buyout that values JAG at 16.4 billion yen and is worth 37 billion yen in total, including two other JAG businesses. ....

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