Integral Corporation offered to acquire 54.76392% stake in Daiohs Corporation (TSE:4653) from Daioh Enterprise Co., Ltd. and Shinichi Okubo for ¥11 billion on September 1, 2022. As per the terms, the offer per share is ¥1500. The Lower limit of planned purchase number is 2,875,181.

The offer will be commenced from September 2, 2022, and will close on October 18, 2022. If successful the Daiohs will be taken private. Daiwa Securities Group Inc. (TSE:8601) is a transfer agent, Nishimura & Asahi acted as a legal advisor, Shinko Securities Co., Ltd. acted as a financial advisor to Daiohs Corporation.

Daiohs has resolved to set up a special committee.