Restar Holdings Corporation (TSE:3156) made an offer to acquire Paltek Corporation (TSE:7587) for ¥7.4 billion on April 9, 2021. Under the terms, Restar Holdings Corporation will acquire 10.95 million shares at ¥680 per share and requires a minimum purchase of 7.29 million shares of Paltek. The tender offer commences on April 12, 2021 and concludes on May 27, 2021. Special committee consisting of Kazutaka Muraguchi, Kazuya Sawada and Takashi Tsuji are assisting Paltek. SMBC Nikko Securities Inc. and Daiwa Securities Group Inc. acted as financial advisors and Nagashima Ohno & Tsunematsuto acted as legal advisor to Restar.

Restar Holdings Corporation (TSE:3156) completed the acquisition of Paltek Corporation (TSE:7587) on May 27, 2021. Restar has acquired more than the minimum threshold of 9.6 million shares and will start the settlement of the tender offer on June 3, 2021.