Nakabayashi Co., Ltd. (TSE:7987) made an offer to acquire 51% stake in Kokusai Chart Corporation (JASDAQ:3956) from Toshiba Tec Corporation (TSE:6588) for approximately ¥790 million on November 8, 2017. Under the terms of the transaction, Nakabayashi Co., Ltd. offered to acquire 3.06 million shares at ¥258 per share. On the same day, Nakabayashi Co., Ltd. concluded a tender offer agreement with Toshiba Tec Corporation.

The tender offer period will start from November 9, 2017 and will end on December 7, 2017. The transaction was resolved by the board of directors of Nakabayashi Co., Ltd. The transaction has an effective date of December 14, 2017.