TOKYO/NEW YORK, Dec 11 (Reuters) - Japanese eyecare
products maker TopCon ( TOPCF ) is exploring going private among
other measures to raise corporate value, it said in a statement,
following reports that private equity firms were placing bids to
take the firm private.
Private equity firms including KKR & Co ( KKR ) are in a
bidding process to acquire the company, two sources with
knowledge of the matter said. Bloomberg News first reported
about the bids on Tuesday, also naming Swedish investment firm
EQT as a contender.
"We are always considering various measures to enhance our
corporate value, not only the measures mentioned in the report,"
TopCon ( TOPCF ) said in the statement dated Tuesday, adding that nothing
had been decided yet.
KKR declined to comment, while EQT did not immediately
respond to Reuters' request for comment.
TopCon ( TOPCF ) shares rose as much as 23% on Wednesday, giving it a
market cap of around 280 billion yen ($1.85 billion), according
to Reuters calculations based on LSEG data.
($1 = 151.6600 yen)
(Reporting by Anton Bridge in Tokyo and Anirban Sen in New York;
additional reporting by Kane Wu in Hong Kong; Editing by Varun H
K)