A&D Company, Limited (TSE:7745) made an offer to acquire an additional 20.42% stake in Holon Co.,Ltd. (JASDAQ:7748) for approximately ¥630 million on May 11, 2018. A&D Company offered to acquire 0.68 million shares of Holon at ¥920 per share. If the offer is completed for entire 20.42%, A&D Company, Limited will hold 51% stake in Holon, after completion. Post completion, Holon will become a subsidiary of A&D Company, Limited. The transaction is resolved by the Board of Holon Co Ltd. The tender offer will commence on May 14, 2018 and will complete on June 22, 2018. Tender offer settlement will be done on June 29, 2018. Plutus Consulting Co., Ltd. acted as valuer and Nakamura, Tsunoda & Matsumoto acted as legal advisor to Holon Co.,Ltd. MID Structures Co., Ltd acted as third-party appraiser for calculation of the value of Holon Co.,Ltd.'s shares. Ichiyoshi Securities Co., Ltd. acted as the tender offer agent.

A&D Company, Limited (TSE:7745) completed the acquisition of an additional 20.42% stake in Holon Co.,Ltd. (JASDAQ:7748) on June 22, 2018.