Nippon Active Value Fund plc (LSE:NAVF), managed by International Fund Management Limited made an offer to acquire remaining 94.64% stake in INTAGE HOLDINGS Inc. (TSE:4326) from Michael 1925 LLC, managed by Rising Sun Management Ltd., Earle 1927 LLC and others for ¥72.6 billion on February 7, 2022. As per the transaction, Nippon Active Value Fund plc will pay ¥1900 per share. As of April 27, 2022, Rising Sun Management has increased its offer price to ¥1950 per share and the remaining 94.64% stake of INTAGE HOLDINGS will be acquired at ¥74.7 billion.