Mipox Corporation (JASDAQ:5381) made an offer to acquire Nihon Kenshi Co., Ltd. (TSE:5398) from Nagase & Co., Ltd. (TSE:8012), Sumiseki Materials Co., Ltd., The Nisshin Fire & Marine Insurance Co., Ltd., Asset Management Arm, Kyokko Co., Ltd. and others for approximately ¥990 million in cash on May 13, 2016. Mipox will offer takeover bid for 10.2 million shares (no less than 5.8 million shares) of Nihon Kenshi for ¥97 per share. The offer period starts from May 16, 2016 to June 24, 2016.

Settlement starts from July 1, 2016. Nihon Kenshi will also issue 3.1 million new shares at ¥97 yen per share to Mipox, on July 1, 2016. Mizuho Bank acted as financial advisor for Mipox Corporation.

Mizuho Securities Co., Ltd. acted as tender offer agent in the transaction. Matsumura Kaikei Office acted as independent third party appraiser and Muramoto Law Office acted as legal advisor for Nihon Kenshi.