TCS Companies Co., Ltd. made an offer to acquire Airex Inc. (JASDAQ:6944) for ¥6.2 billion on December 16, 2020. Under the term, TCS Companies will acquire 2.94 million shares of Airex at purchase price of ¥2,100 per share. Post completion, Airex will be delisted from Tokyo Stock Exchange. The transaction is subject to shareholder approval of Airex, which may take place on December 29, 2020 and December 30, 2020. Minimum 1.96 million share should get tender. The transaction has been resolved by the board of director of TCS Companies Co., Ltd. The offer period will start from December 17, 2020 and will end on February 8, 2021. The purchase period will start From December 17, 2020 to February 8, 2021. Mizuho Securities Co., Ltd. acted as a transfer agent to TCS Companies Co., Ltd. TCS Companies Co., Ltd. completed the acquisition of Airex Inc. (JASDAQ:6944) on February 8, 2021. Total 2.8 million shares of Airex tendered as a result of transaction on February 8, 2021. Since the completion of the Tender Offer has led to the ownership of 90% or more of the voting rights of all shareholders of the Company; TCS Companies will acquire all of the Common Shares and make the Common Shares private. As of February 18, 2021, Airex has decided today to request that all of shareholders to sell remaining shares to TCS Companies. Airex will last trade on March 19, 2021 and will be delisted by March 22, 2021.