Amadeusz Juskowiak

The japan fund jpn gets buyout offer

The Japan Fund Inc said it has received an unsolicited offer from Sterling Grace Capital Management LP acting together with certain other persons and entities to purchase all the assets of the fund at five pct below its aggregate net asset value

The Japan Find said tne deal is subject to obtaining satisfactory financing and a due diligence review

It added that the proposal has been referred to its Board of Directors for consideration

Reuter