Trend Microshare jumps 16% to report on acquisition combat

(Bloomberg) – Trend Micro Inc.’s shares jumped the most since November 2023 to reports that several private equity companies are competing to take over the $8.5 billion Japanese cybersecurity company.

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Bain Capital, Advent International and EQT AB are among the companies that have expressed interest in making their companies private, citing unclear sources. KKR may also be involved, the agency said.

Stocks in Trend Micro, which compete with things like McAfee, surged 16% in Tokyo on Thursday morning.

Japan is seeing a surge in acquisition activity, supported by weak yen and regulatory pressures, to increase shareholder returns. Activists have increased their purchases and set records to invest in Japan by purchasing at least 1.2 trillion yen ($7.8 billion) worth of Japanese stocks, according to data compiled by Bloomberg Intelligence.

However, many buyers will target the same company. Last year, Blackstone Inc. signed a $1.7 billion deal for Japanese romance manga provider Infocom Corp. after bidding with KKR for Sony Music Entertainment. KKR is currently fighting Bain in the battle for Fuji Soft Inc.

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