Topcon shares surge 10% on KKR, EQT takeover interest

From Investing.com: 2024-12-09 21:36:10

Topcon Corp saw a sharp rise in Tokyo as KKR & EQT weigh takeover offers. Shares surged nearly 10% to 1,9280 yen, the highest since July 2023. Topcon held first round bids in September, with KKR and EQT in the running. Japan Investment Corp also plans to bid in the second round by end-December.

The offers come as Topcon faces activist investor pressure to unlock value. This follows a trend of heightened M&A activity in Japan, including Seven & i Holdings receiving a takeover bid from Alimentation Couche Tard. KKR is also considering an investment in Seven & i’s supermarkets unit.



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