LINE Digital Frontier Co., Ltd. made an offer to acquire eBOOK Initiative Japan Co.,Ltd. (TSE:3658) from Z Holdings Corporation (TSE:4689) for ¥15.9 billion on September 30, 2021. LINE Digital Frontier Co., Ltd. made the offer to acquire 3.35 million shares at ¥4750 per share. Post completion, LINE Digital Frontier Co., Ltd. will be delisted.

The Board of Directors of eBOOK Initiative Japan Co.,Ltd. encouraged its shareholders to apply for tender offer. Offer period will start from October 1, 2021 and end on November 15, 2021. Settlement will start from November 22, 2021.

Nomura Securities Co., Ltd. acted as tender offer agent. Stuart Beraha of Latham & Watkins Gaikokuho Joint Enterprise advised Z Holdings Corporation (TSE:4689) in the deal.