THE WHAT? Japanese financial services group Orix is set to acquire Toyko-based mail-order cosmetics and health company DHC in a US$2.1 billion deal, according to Nikkei Asia.
THE DETAILS Set to be Orix’s most expensive buy-out yet, the financial group will buy all shares from existing shareholders including DHC President and Chairman Yoshiaki Yoshida, who is preparing to step down.
THE WHY? The acquisition falls part of Orix’s plans to acquire companies it sees as undervalued and improve their performance by creating synergies with other group businesses.
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