KKR will make a tender offer to acquire Takeda at 3300 yen per share.

KKR will launch a tender offer to acquire Topcon at a price of 3,300 yen per share, as well as a unit of the 7th series share purchase right for 193,400 yen. The offer will be conducted through TK Company, owned by an investment fund managed by KKR. The tender offer will start on July 29 and end on September 9. KKR's investment funds mainly come from its Asian Fund IV. Topcon's President and CEO Takashi Kido has agreed to participate in the offer with his shares. After the tender offer is completed, Takashi Kido and a fund managed by Japan Industrial Innovation Organization will invest in investment tools held by KKR that hold Topcon shares. ValueAct Capital Management's fund, a major shareholder of Topcon, has also agreed to participate in the offer and sell shares, while investing in investment tools held by KKR that hold Topcon shares.