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EQT Extends Kakaku Bidding War With Minimal Price Hike

Bloomberg Markets •
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EQT AB prolonged its tender offer for Kakaku.com Inc., extending the bid period to September 10. Stockholm-based EQT increased its offer price by just one yen to ¥3,571 per share, according to a filing with Japan's Financial Services Agency. The minimal price adjustment allowed the firm to postpone the original August 27 deadline, continuing the competitive pursuit of the Japanese internet services firm.