Endeavour United Partners Three Investment Partnership, a fund of Endeavour United Co., Ltd. made an offer to acquire 63.06% stake in Palemo Co., Ltd. (JASDAQ:2778) from UNY Group Holdings Co., Ltd. for ¥760 million on August 31, 2016. Under the terms, Endeavor will pay ¥100 per share and will acquire 7.6 million shares. Endeavor will acquire a minimum of 7.49 million shares and a maximum of 7.6 million shares.

The tender offer period will run from September 5, 2016 to October 17, 2016. The settlement process will start on October 24, 2016. Sato Sogo Law Office acted as legal advisor for Palemo.

Tokai Tokyo Securities Co., Ltd. acted as tender offer agent for Endeavor United.