Mitsui O.S.K. Lines, Ltd. (TSE:9104) made an offer to acquire remaining 33.13% stake in Utoc Corporation (TSE:9358) for ¥10.4 billion on November 30, 2021. As per terms of transaction, Mitsui O.S.K. Lines, Ltd. will pay ¥725 for 14,327,663 shares in Utoc. Offer period will begin on December 1, 2021, and will end on January 18, 2021.

Mori Hamada & Matsumoto LPC acted as legal advisor and The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor to Mitsui O.S.K. Lines, Ltd. SMBC Nikko Securities Inc. acted as Tender Offer agent to Mitsui O.S.K. Lines, Ltd. Keiji Hatano of Sullivan & Cromwell LLP (Japan) acted as leagl advisor to Mitsui O.S.K. Lines, Ltd.