Abalance Corporation (TSE:3856) entered into a tender offer agreement to acquire 39.99% stake in Meiji Machine Co., Ltd. (TSE:6334) from Nippon Conveyor Co.,Ltd, TCS Holdings Co., Ltd and others for approximately ¥920 million on February 21, 2022. Under the terms, 4,554,700 shares at a price of ¥201 per shares will be acquired with a lower limit of 2,935,300 shares. Tender offer period will commence from February 22, 2022 to March 23, 2022. Board of directors resolved the transaction for the tender offer and board decided to leave it to the judgment of Meiji Machine's shareholders. Deloitte Tohmatsu Financial Advisory LLC acted as financial advisor and Kitahama Partners acted as legal advisor to Meiji Machine.

Abalance Corporation (TSE:3856) entered into a tender offer agreement to acquire 39.99% stake in Meiji Machine Co., Ltd. (TSE:6334) from Nippon Conveyor Co.,Ltd, TCS Holdings Co., Ltd. and others on March 23, 2022. Nippon Conveyor tendered 1,656,900 shares in transaction.