Marui Group Co., Ltd. (TSE:8252) made a takeover bid to acquire a 50.01% stake in Soko Seiren Co., Ltd. (TSE:3578) for approximately ¥530 million on March 27, 2017. Under the terms, Marui Group Co., Ltd. offered to acquire at least 3.6 million shares at ¥148 per share. The offer period will begin on March 28, 2017 and end on April 24, 2017.

Marui Group Co., Ltd. will scrap the acquisition if lower limit can't be reached. Settlement will begin on April 28, 2017. As per the amendment, Marui Group Co., Ltd. will acquire 3.6 million shares at ¥160 per share and the offer period to purchase the shares is from March 28, 2017 to May 18, 2017.

Settlement will begin on May 24, 2017. Yamada Business Consulting acted as independent third party appraiser. Nakanishi Yuichi Law Office acted as legal advisor for Soko Seiren Co., Ltd. Mizuho Securities Co., Ltd. acted as tender offer agent.