RTTNews | Aug 2, 2021 09:54PM EDT

21:54 Monday, August 2, 2021 (RTTNews.com) - Houlihan Lokey (HLI), the global investment bank, said that it will commence a tender offer to acquire GCA Corp.for a total cash purchase price of about 65 billion yen or $591 million.

Houlihan Lokey will commence a tender offer in Tokyo on August 4, 2021 to acquire all outstanding shares of GCA for 1,380 yen or $12.55 per share in cash, in addition to all stock options of GCA. The purchase price represents a 31.3% premium to the closing stock price on August 2, 2021 of 1,051 yen per share.

The tender offer is expected to close on October 4, 2021.

Upon the completion of the transaction including the second-step, GCA will become a privately held company and shares of TSE:2174 common stock will no longer be listed on any public market.

Read the original article on RTTNews ( https://www.rttnews.com/3214872/houlihan-lokey-to-commence-tender-offer-to-buy-gca-corp-for-about-591-mln.aspx)

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