DCM Holdings Co., Ltd. (TSE:3050) made an offer to acquire additional 68.14% stake in Keiyo Co., Ltd. (TSE:8168) from a group of shareholders for ¥51.6 billion on September 29, 2023. As per the transaction, DCM Holdings Co., Ltd will pay ¥1300 per share to the shareholders of Keiyo Co., Ltd. The transaction is approved by board of directors of Keiyo Co., Ltd. SMBC Nikko Securities Inc. acted as financial advisor and Sato Sogo Law Office acted as legal advisor to DCM Holdings Co., Ltd. Citi-Yuwa Partners acted as legal advisor and PwC Advisory LLC acted as financial advisor to Keiyo Co., Ltd.