Firms act on USD2.31bn takeover bid for Japan’s Topcon | Law.asia

Nishimura & Asahi, Nagashima Ohno & Tsunematsu, Simpson Thacher & Bartlett and Nakamura Tsunoda & Matsumoto have counselled on a JPY348.19 billion (USD2.31 billion) proposed tender offer to acquire Topcon Corporation, a leading Japanese manufacturer of GPS, image processing and measuring devices for infrastructure. Global investment firm KKR & Co and private equity company JIC Capital Co announced the proposed acquisition via the purchase of 105,512,097 shares, including stock acquisition rights for 100,000 shares, at JPY3,300 apiece. The total transaction value is expected to reach JPY417.14 billion, including JPY68.94 billion in net debt. Nishimura & Asahi and Simpson Thacher &