Morgan Foods Inc. agreed to acquire American Soy Products Inc. (‘American Soy’) from Marusan-Ai Co. Ltd. (NSE:2551) and other shareholders on June 25, 2018. In the transaction, Marusan-Ai Co. will sell the 27.8% stake it holds in American Soy. The Board of Directors of Marusan-Ai passed a resolution regarding the transaction on June 25, 2018. The transaction is expected to complete on June 28, 2018. Periculum Capital Company LLC assisted with financing and served as financial advisor to Morgan Foods. Squire Patton Boggs LLP acted as legal advisor to Marusan-Ai Co., Ltd. in the transaction. Morgan Foods Inc. completed the acquisition of American Soy Products Inc. from Marusan-Ai Co. Ltd. (NSE:2551) and other shareholders on June 29, 2018.