JTEKT Corporation (TSE:6473) made an offer to acquire remaining 4.99% stake in Fuji Kiko Co., Ltd. (TSE:7260) for ¥1.96 billion on December 22, 2017. As per the transaction, JTEKT Corporation made an offer to acquire remaining shares at ¥740 per share. It is expected that Fuji Kiko Co., Ltd. will delist from Tokyo Stock Exchange on January 23, 2018.

The transaction is expected to complete on January 26, 2018.