January 23, 2020 / 9:10 AM / a month ago

Bain Capital plans offer for Japan's Showa Aircraft in $633 million deal

TOKYO, Jan 23 (Reuters) - U.S. private equity firm Bain Capital is planning a tender offer for Showa Aircraft Industry , a Japanese maker of transportation equipment, that could result in a 69.4 billion yen ($633 million) deal, it said on Thursday.

Bain Capital will offer 2,129 yen per share for Showa Aircraft, it said. Showa Aircraft shares closed at 2,537 yen on Thursday.

$1 = 109.7000 yen Reporting by Junko Fujita; Editing by Jan Harvey

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