Bain Capital Plans $340 Million Offer for Japan’s Rezil

Bain Capital is preparing to make a roughly $340 million bid for Rezil Co., a listed Japanese electricity retailer, according to a report by Nikkei. The offer would represent about a 30 % premium to Rezil’s Wednesday closing price of ¥2,074 per share. Nikkei said Rezil’s founding family, the company’s largest shareholder, is expected to support the transaction, increasing the likelihood that Bain’s proposal will advance.