Shinmei CO.,LTD. offered to acquire additional 7.93% stake in Genki Sushi Co., Ltd. (TSE:9828) for ¥1.8 billion on May 13, 2015. Under the terms of the offer, Shinmei will acquire 0.7 million shares at ¥2500 per share. As a result, Shinmei will increase its stake from 32.85% to 40.77%.

The offer period will commence from May 14, 2015 till June 10, 2015 and settlement will take place on June 17, 2015. SMBC Nikko Securities, Inc. acted as appraiser for Genki Sushi Co., Ltd. and TMI Associates acted as legal advisor for Genki Sushi Co., Ltd. Daiwa Securities Co., Ltd. acted as tender offer agent in the transaction.