Diamond Dining Co.,Ltd. completed the acquisition of 42% stake in Zetton Inc. from Kenichi Inamoto.
August 26, 2016 at 12:00 am EDT
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Diamond Dining Co.,Ltd. (TSE:3073) made a takeover bid to acquire 42% stake in Zetton Inc. (NSE:3057) from Kenichi Inamoto for ¥1.4 billion on July 15, 2016. Diamond Dining Co.,Ltd. offered takover bid for 1.8 million shares (no less than 1.72 million shares) at a price of ¥790 per share with offering period from July 19, 2016 to August 25, 2016. Kenichi Inamoto's stake in Zetton Inc. will reduce to 7.2% subsequent to the transaction. The settlement start date is September 1, 2016. SMBC Nikko Securities, Inc. acted as the tender offer agent independent third party appraiser in the transaction. Oh-Ebashi LPC & Partners acted as the legal advisor to Zetton Inc. and applying shareholders.
Diamond Dining Co.,Ltd. (TSE:3073) completed the acquisition of 42% stake in Zetton Inc. (NSE:3057) from Kenichi Inamoto on August 26, 2016.
DD Holdings Co., Ltd., formerly Diamond Dining Co., Ltd. is primarily engaged in operating eating and drinking business, as well as amusement business. The Company operates in two segments. The Eating and Drinking segment is engaged in operating restaurants and pubs domestically mainly in the Tokyo metropolitan area, and overseas mainly in Hawaii, USA. The Amusement segment is engaged in the operation of luxurious billiards, darts, karaoke, simulation golf, complex cafes and others under BAGUS brand, and other capsule hotels in Tokyo.
DD GROUP CO., LTD. 
