Activist hedge fund Oasis Management Company Ltd. urged Kakaku.com Inc. to reject a takeover offer from a consortium led by EQT and instead pursue a higher price from Bain Capital and LY Corp.
Oasis, amely Kakaku.comの約 19.5%의 주식을 보유하고 있다, EQT가 주도하는 Kamgras 1 컨소시엄에 주식을 공모하지 않을 것이라고 발표하면서, 3,570 엔의 가격 제안은 경쟁사의 입찰보다 낮았다. Bain Capital와 LY Corp는 3,640 엔의 주당 가격을 제안했으며, Oasis는 이 가격을 주요 주주 KDDI Corp. 의 지지에 의존한다고 설명했다.
EQT-led consortium announced its offer on August 13, 2026, and later amended its tender document to note ongoing discussions with Oasis. Activist investor requested that Kakaku.com, its board, and special committee either withdraw support for Kamgras 1’s bid or negotiate a higher price. Oasis emphasized that the Bain proposal at 3,640 yen per share should serve as the minimum threshold for any further negotiations.
Kakaku.comの買収競売はOasisがその義務を明らかにした後さらに強まり、これによって同社の現金が豊富なオンラインサイト、比較的低い評価、そして企業ガバナンス改革への高まる圧力が明らかになった。Kakaku.comは今回の更新時点でOasisの要求に公開的に反応しなかった。
