Kaneka Corporation (TSE:4118) made an offer to acquire an additional 21.5% stake in Cemedine Co. Ltd. (TSE:4999) for ¥1.9 billion on December 8, 2015. Kaneka will pay ¥576 per share in cash for 3.21 million shares of Cemedine. The offer period will commence on December 9, 2015 and will close on January 13, 2016. The settlement will be done on January 20, 2016. SMBC Nikko Securities Inc. acted as valuer for Cemedine Co. Ltd and Nomura Securities Co., Ltd. acted as valuer and settlement agent for Kaneka Corporation. Vasco Da Gama Offices acted as legal advisor for Cemedine Co. Ltd.

Kaneka Corporation (TSE:4118) completed the acquisition of an additional 28% stake in Cemedine Co. Ltd. (TSE:4999) for ¥2.5 billion on January 13, 2016. Kaneka acquired 4.17 million shares of Cemedine.