Tsukada Kosan K.K. made an offer to acquire additional 54.8% stake in MIYAKO,Inc. (JASDAQ:3424) from Toshio Tsukada, Sumika Tsukada, Michiyo Tsukada, Katsuta Tsukada and others for approximately ¥2 billion on February 4, 2020. The offer price under the tender offer is ¥1,325. Pre deal, Masaru Tsukada owner of Tsukada Kosan owns 0.44 million shares of MIYAKO. Pre deal, Tsukada Kosan held approximately 0.8 million shares and as a part of the tender offer, it will acquire all the remaining outstanding shares of MIYAKO excluding treasury shares, apart from the shares owned already by itself and Masaru Tsukada. The deal is subject to minimum tender. The resolution of the Board of Directors was based on the assumption that the MIYAKO’s shares will be delisted through the tender offer and a series of subsequent procedures. Tsukada Kosan is required to execute the squeeze-out procedure. MIYAKO’s shares will be delisted as a result of the tender offer. The tender offer is expected to be commence from February 5, 2020 to March 23, 2020. Anderson Mori & Tomotsune LPC acted as legal advisor and YAMADA Business Consulting Co.,Ltd. acted as financial advisor to MIYAKO.