Japan: Minority shareholders pressure Nichii Gakkan to reconsider takeover offer

Investment fund Lim Advisors continues to pressure the board of Japanese medical services group Nichii Gakkan to reconsider the US$1.2bn takeover offer from Bain Capital. After securing an agreement to acquire 44% of the firm’s shares from the founder’s family, the US private investment firm offered ¥1,500 (US$14.03) per share to take the company private…