KKR plans to privatise Japan's Taiyo Holdings with $3.3 billion tender offer

Group 1 - KKR plans to privatize Taiyo Holdings with a tender offer of 528.56 billion yen ($3.33 billion) [1] - The offer price is set at 4,750 yen per share, reflecting a 4.7% discount to Taiyo's last closing price [2] - KKR has secured support from major shareholders DIC Corp, Kowa Co, and Oasis Management, representing a total of 42.2% of Taiyo's outstanding shares [2] Group 2 - Agreements have been made with DIC and Kowa for share consolidation and buyback post-deal completion, with the founding family planning to reinvest in the KKR-managed vehicle [3] - Oasis Management will tender its shares, which account for nearly 15.62% of Taiyo's total outstanding shares [4]