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Bain Capital Private Equity announced today that it has successfully acquired an 87.05 percent majority stake in Asatsu-DK through a tender offer, bringing a definite end to the battle it waged with the world’s largest advertising conglomerate over ownership of Japan’s third-largest ad agency.
“Today’s successful tender offer marks an important step in the right direction for ADK as we move closer to privatizing the business in order to better secure its future in a fast-changing market,” said Yuji Sugimoto, Bain Capital managing director.
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