Macnica, Inc. completed the acquisition of an 85.56% stake in GLOSEL Co., Ltd. from SAXA, Inc. and others for ¥18.9 billion
February 27, 2024
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Macnica, Inc. made an offer to acquire GLOSEL Co., Ltd. (TSE:9995) from SAXA, Inc. and others for ¥19 billion on November 27, 2023. Under the terms, Macnica will pay ¥645 per share as consideration. Macnica plans to allocate the entire amount from its own funds. GLOSEL established the special committee consisting of five members Yoshifumi Karita, Atsuko Matsumura, Kyo Hamano, Toshiyuki Otaka and Kozo Hayakawa. The tender offer period is scheduled to be 20 business days. As on January 29, 2024, the offer was revised to ¥750 per share. The period of purchase shall be from January 30, 2024 to February 28, 2024. SMBC Nikko Securities Inc. as a financial advisor and fairness opinion provider and Miura & Partners as legal advisor for Macnica, Inc. GLOSEL Co., Ltd. appointed Mizuho Securities as its independent financial advisor and Nagasawa & Partners as its legal advisor.
Macnica, Inc. completed the acquisition of an 85.56% stake in GLOSEL Co., Ltd. (TSE:9995) from SAXA, Inc. and others for ¥18.9 billion on February 28, 2024.
GLOSEL Co., Ltd., formerly RENESAS EASTON Co., Ltd. is a Japan-based company principally concludes contracts with suppliers, such as Renesas Electronics Corporation and Hitachi Group, to purchase integrated circuits and semiconductor devices and also purchased products from vendors other than the major suppliers to domestic and overseas manufacturers. The Company is also engaged in the development of software, as well as the design and development of ASIC. The Company's integrated circuit (IC) products include microcomputers, logic ICs and memory ICs. Its semiconductor device products include transistors, diodes and rectifying devices. Its display devices include liquid crystal displays, among others. And other products include general electronic components and electronic devices.
GLOSEL CO., LTD. 
