Nishio Rent All Co., Ltd. (TSE:9699) entered into a tender offer to acquire remaining 13.88736% minority stake in Sacos Corporation (TSE:9641) for ¥2.5 billion on May 10, 2022. Under the terms, 5,789,278 shares will be acquired at ¥432 per share. The tender offer will start from May 11, 2022 and ends on June 21, 2022.

The settlement date of the transaction is June 28, 2022.SMBC Nikko Securities Inc. acted as financial advisor to Sacos Corporation.