Kanematsu Corporation (TSE:8020) made an offer to acquire remaining stake of 42.16% in Kanematsu Electronics Ltd. (TSE:8096) for ¥75 billion on September 28, 2022. The Tender Offeror has set the minimum number of shares to be purchased in the Tender Offer at 2,525,735 shares. on October 28, 2022, the Special Committee appointed Shibata, Suzuki & Nakada as a legal advisor, and Plutus Consulting Co., Ltd. and DC Advisory Japan as a financial advisor to Kanematsu Electronics. Mori Hamada & Matsumoto LPC acted as legal advisor and Daiwa Securities Co. Ltd. acted as financial advisor to Kanematsu Electronics. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor and TMI Associates acted as legal advisor to Kanematsu Corporation.

Kanematsu Corporation (TSE:8020) completed the acquisition of remaining stake of 42.16% in Kanematsu Electronics Ltd. (TSE:8096) for ¥75 billion on March 13, 2023.