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JULY 08 W3 SPECIAL ALERT European Commission Sets Deadline on Inquiry into Bain Capital’s Acquisition of D&M Holdings, Inc. <Thomson Reuters-BRUSSELS><July 14, 2008>Thomson Reuters is reporting today that the European Commission has set a deadline of August 14, 2008 to complete its inquiry into the proposed Bain Capital acquisition of D&M Holdings, Inc.
As has been widely reported, Bain Capital plans to launch a tender offer for 100% of all outstanding shares of D&M Holdings starting on or before July 25, 2008. Bain intends to offer ¥510 per share for a total deal value of approximately $441 million.
Bain anticipates the tender offer to take about thirty days and has set a lower threshold target of 80% of the shares (75% under certain circumstances). The company will then be delisted from the Tokyo stock exchange and taken private.
In a prepared statement, Bain has said that it believes that “through its global reach and experience, it is well-positioned to help the Company’s management team realize further growth.”
A large global investment company, Bain Capital currently manages more than $78 billion in assets in a pool of more than 300 companies in a variety of industries. Companies in which Bain has invested include Burger King, Dunkin’ Donuts, AMC Theaters, MEI Conlux, NXP, Sun Telephone, Toys “R” Us, and more. |
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