LOGISTEED, Ltd. made an offer to acquire 45.9% stake in Alps Logistics Co., Ltd. (TSE:9055) for ¥110 billion on May 9, 2024.

As on August 16, 2022, Alps Logistics Co., Ltd. was informed by the LOGISTEED, Ltd. of its intention to commence the Tender Offer with August 22, 2024 as the tender offer date, and in response to this, Alps Logistics resolved at its board of directors meeting held today to the effect that it shall, again, express its opinion in support of the Tender Offer, and recommend that Alps Logistics' ?s shareholders and the holders of the Share Options tender their shares in the Tender Offer,

SMBC Nikko Securities Inc. acted as financial and Fairness opinion provider and Nakamura, Tsunoda & Matsumoto acted as legal advisor to Alps Logistics Co., Ltd. Noritaka Kumamoto, Jonathan Stradling, Makiko Harunari and Atsushi Usui, Étienne Renaudeau and Henry Llewellyn of Simpson Thacher & Bartlett LLP represented LOGISTEED in the transaction. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor for LOGISTEED. Nishimura & Asahi acted as legal advisor to LOGISTEED.

LOGISTEED, Ltd. completed the acquisition of 45.9% stake in Alps Logistics Co., Ltd. (TSE:9055) on October 4, 2024.