Mitsui Engineering & Shipbuilding Co., Ltd. (TSE:7003) made an offer to acquire an additional 18.7% stake in Kaji Technology Corporation (TSE:6391) for ¥1.1 billion on January 26, 2017. Under the terms of the transaction, Mitsui Engineering & Shipbuilding Co Ltd will acquire 3.1 million Kaji Technology Corporation's shares at ¥364 share each. The tender offer period is from January 27, 2017 to March 9, 2017. Oh-Ebashi LPC & Partners acted as a legal adviser for Kaji Technology Corporation. Daiwa Securities Co., Ltd. and Deloitte Tohmatsu Financial Advisory Co., Ltd. acted as an independent third party appraiser.

Mitsui Engineering & Shipbuilding Co., Ltd. (TSE:7003) completed the acquisition of an additional 18.7% stake in Kaji Technology Corporation (TSE:6391) on March 10, 2017. The settlement will take place on March 16, 2017.