Skylark Co Ltd (3197.T)
* Says it appoints current president Makoto Tani as chairman of the board and president of the company
* Says it will change name to SKYLARK HOLDINGS CO., LTD., effective July 1
* Says its top shareholder, Bain Capital Skylark Hong Kong Limited will decrease voting power in the co to 0 percent from 15 percent, effective Nov. 28
TOKYO Skylark Co on Tuesday said Bain Capital would sell its 15-percent stake in the Japanese restaurant chain in the market, ending a six-year relationship between the firms.
TOKYO, Nov 21 Skylark Co on Tuesday said Bain Capital would sell its 15-percent stake in the Japanese restaurant chain in the market, ending a six-year relationship between the firms.
HONG KONG, Nov 21 (IFR) - Bain Capital is selling its remaining shares in Japanese restaurant group Skylark in a block trade to raise up to ¥63bn (US$562m), according to a term sheet. The private equity firm is offering 38.9m shares, or 19.8% of Skylark, at an indicative price range of ¥1,602–¥1,622 a share. The range represents a discount of 3.28%–4.47% to the company’s closing price today of ¥1,677. The shares are on offer to both international and domestic institutional investors. Bank of Ame
* Says co and co's group company have filed a lawsuit against SKYLARK CO., LTD, regarding business display dispute