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REPORT: J Trust makes bid for Atlus parent
J Trust, the Japanese financial services firm five percent owned by Goldman Sachs, has made an offer to purchase Atlus parent company Index, currently up for grabs.
The company, according to Bloomberg, aims to use cash raised through a record rights offering to fund takeover bids, including Index, as part of a client-boosting strategy. During an interview, J Trust CEO Nobuyoshi Fujisawa said the company can spend as much as 130 billion yen (approx. $1.3 billion) in cash on buyouts without seeking external financing.
Full report here (thanks VGAMER!)
The company, according to Bloomberg, aims to use cash raised through a record rights offering to fund takeover bids, including Index, as part of a client-boosting strategy. During an interview, J Trust CEO Nobuyoshi Fujisawa said the company can spend as much as 130 billion yen (approx. $1.3 billion) in cash on buyouts without seeking external financing.