Asty, Inc. made a tender offer to acquire 5.35% stake in IDEA International Co., Ltd. (JASDAQ:3140) from Elecom Co., Ltd. (TSE:6750) for ¥54.5 million in cash on February 14, 2014. 0.15 million shares will be acquired at an offering price of ¥372 per share. The offer period will be from February 17, 2014 to March 17, 2014 with a payment date on March 24, 2014. The Board of Directors of IDEA International approved the tender offer and will not voice any objection in leaving the offer to the judgment of the shareholders of IDEA International whether or not to subscribe to the tender offer. The transaction has been resolved by Board of Directors of Asty Inc. Elecom agreed to subscribe to the tender offer for minimum of 0.15 million shares. The share settlement is expected to start on March 24, 2014. Nijubashi Partners acted as the legal advisor to IDEA International Co., Ltd. Aizawa Securities Co., Ltd. acted as tender offer representative in the transaction.

Asty, Inc. completed the acquisition of 5.35% stake in IDEA International Co., Ltd. (JASDAQ:3140) from Elecom Co., Ltd. (TSE:6750) on March 17, 2014.