TOKYO -- U.S. investment bank Houlihan Lokey said on Tuesday it will acquire Tokyo-based mergers and acquisitions consultancy GCA for 68 billion yen ($622 million). Houlihan said it will launch a tender offer to make GCA a wholly owned subsidiary, with an offer price of 1,380 yen per share -- a 31% premium to Tokyo-listed GCA's share price on Monday.
Nikkei reported about the deal on Monday.