Trend Micro Shares Leap 16% on Report of Takeover Battle

Trend Micro Inc. shares jumped the most since November 2023 on reportsthat several private equity firms are vying to take over the $8.5 billion Japanese cybersecurity firm.

Bain Capital, Advent International and EQT AB are among firms expressing interest in taking the company private, Reuters reported, citing unidentified sources. KKR may also be involved, the agency said.

Shares of Trend Micro, which competes against the likes of McAfee, soared as much as 16% Thursday morning in Tokyo.

Japan is seeing a surge in buyout activity, fueled by a weak yen and regulatory pressure on companies to boost shareholder returns. ...