Freesia Macross Corporation (TSE:6343) made an offer to acquire an additional 7.8% stake in Nippo Ltd. (JASDAQ:9913) for approximately ¥660 million on January 27, 2021. Freesia Macross will acquire 0.7 million shares at an offer price of ¥930. The tender offer period will run from January 28, 2021 to March 12, 2021.

On February 9, 2021, Directors of the Company has resolved with the unanimous consent of all the Directors to withhold the expression of opinions regarding the tender offer. On March 8, 2021, the Board of Directors of Nippo Ltd. has resolved to express an opposition to the tender offer by the unanimous consent of all directors. As of March 10, 2021, tender period will end on March 25, 2021.

As of March 19, 2021, tender period will end on April 2, 2021. As of March 26, 2021, tender period will end on April 9, 2021. As of April 9, 2021, tender period will end on April 23, 2021.

As of April 23, 2021, tender period will end on May 13, 2021. As of April 26, 2021, tender period will end on May 14, 2021. The settlement date is May 18, 2021.

On May 13, 2021, the offer period was postponed to May 27, 2021 and settlement date was changed to May 31, 2021. On May 17, 2021, the offer period was postponed to May 31, 2021 and settlement date was changed to June 2, 2021. On May 20, 2021, the offer period was postponed to June 3, 2021 and settlement date was changed to June 7, 2021.

On June 3, 2021, the offer period was postponed to June 17, 2021 and settlement date was changed to June 21, 2021. On June 16, 2021, the offer period was postponed to June 30, 2021 and settlement date was changed to July 2, 2021. On June 25, 2021, the offer period was postponed to July 9, 2021 and settlement date was changed to July 13, 2021.

On June 28, 2021, the period of purchase has been postponed to July 12, 2021 and settlement start date has been changed from July 13, 2021 to July 14, 2021. As of July the period of purchase has been postponed to July 27, 2021. On July 20, 2021, the period of purchase has been postponed to August 5, 2021 and settlement start date has been changed from July 29, 2021 to August 9, 2021.

As of July 28, 2021, the offer period was extended to August 12, 2021.