J Trust makes a bid for Index

J Trust Co. has placed a bid for Atlus parent company Index, according to a new Bloomberg report.

The site writes that J Trust “aims to use cash raised through a record rights offering to fund takeover bids” such as Index “as part of a client-boosting strategy”. The company will have as much as 130 billion yen (roughly $1.3 billion) “in cash on buyouts without seeking external financing”.

SEGA Sammy Holdings is also said to have placed a bid for Index.

Source