EQT Eyes $2.7 Billion Bid for Fujitec, Nikkei Says (Correct)

Swedish investment firm EQT seeks to buy Japanese elevator maker Fujitec Co. in a deal estimated to be worth more than ¥400 billion ($2.7 billion), the Nikkei reported.

EQT plans to launch a tender offer around ¥5,500 to ¥5,999 for each Fujitec share, according to the paper. That’s below Fujitec’s closing price of ¥6,205 on Tuesday.

EQT and Fujtec did not immediately respond to requests for comment.

Last October, Fujitec said it was fielding several initial, non-binding offers from investment funds. Attention now is on Hong Kong fund Oasis Management’s response. Oasis — which has spoken against influence exerted by ...