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Business deals

Bain successfully closes offer for Japanese ad agency Asatsu-DK

Holders of nearly 90% of shares in anime, ad provider agree to sell

A man walks past the signboard of Asatsu-DK. (Photo by Tomoki Mera)

TOKYO -- A tender offer by U.S. private equity firm Bain Capital for Japanese advertising agency Asatsu-DK was completed successfully by the end of offer period Wednesday, Bain said Thursday. Holders of 87.05% of Asatsu-DK's outstanding shares agreed to sell their stakes, including the largest shareholder, U.K. media ground WPP.

ADK is expected to hold a shareholders meeting to pass a resolution to delist its shares.

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