Nippon Active Value Fund plc (LSE:NAVF), fund managed by International Fund Management Limited along with the management of Sakai Ovex Co.,Ltd. (TSE:3408) made a proposal to acquire remaining 94.8% stake in Sakai Ovex Co.,Ltd. (TSE:3408) for ¥13.7 billion in a management buyout transaction on November 26, 2020. Shares would be acquired at an offer price of ¥2350 per share. Nippon Active Value Fund already owns 0.3 million shares of Sakai Ovex. Post transaction, Sakai Ovex would be delisted from the Tokyo Stock Exchange.