Blackstone is partnering with the leadership of I’rom Group Co. to privatize the Japanese pharmaceutical services giant.
![A sign outside the Blackstone headquarters in New York. PHOTO: Nina Westervelt/WSJ](https://krugmaninsights.com/wp-content/uploads/2023/12/download-_2_-3-e1706713842121.webp)
The planned acquisition involves a tender offer of ¥2,800 per share, significantly above the recent close of ¥1,873, signaling a 50% premium. If successful, the deal will result in I’rom’s delisting, with Blackstone holding a 55% stake and the remaining 45% retained by