SCSK Corporation made an offer to acquire the remaining 44.41% stake in VeriServe Corporation from group of sellers for ¥15.5 billion.
January 30, 2019
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SCSK Corporation (TSE:9719) made an offer to acquire the remaining 44.41% stake in VeriServe Corporation (TSE:3724) from group of sellers for ¥15.5 billion on January 31, 2019. Under the terms, SCSK Corporation will acquire 2.3 million shares at ¥6,700 per share in cash. Post-acquisition, VeriServe Corporation will become wholly owned subsidiary of SCSK Corporation. Board of Directors of VeriServe Corporation unanimously approved a resolution to express its opinion in favor of the tender offer and to recommend that shareholders of the VeriServe Corporation to tender their shares through the tender offer at the meeting held on January 31, 2019. The resolution of Board of Directors of SCSK Corporation was passed on January 31, 2019. VeriServe Corporation established a special committee consists of the following three members: Takeo Kajiwara, Soumitsu Takehara and Yoshikazu Suzuki. The offer will run from February 1, 2019 to March 18, 2019 with settlement date of March 26, 2019.
Nomura Securities Co., Ltd. acted as financial advisor and third-party appraiser and Nagashima Ohno & Tsunematsu acted as legal advisor for SCSK Corporation where as Daiwa Securities Co. Ltd. acted as financial advisor and third-party appraiser and Ushijima & Partners acted as legal advisor for VeriServe Corporation in the transaction. Nomura Securities Co., Ltd. acted as tender offer agent in the transaction as well.
SCSK Corporation is mainly engaged in manufacture system business, distribution system business and others. The manufacture system business provides information technology (IT) solutions, including infrastructure systems, information systems, production management systems, supply chain management (SCM), customer relationship management (CRM) to customers in the manufacturing industry. The communication system business provides infrastructure systems, information systems, CRM to customers in the communication, energy and media industry. The distribution system business provides infrastructure systems and others. The financial system business supports system development, maintenance and operation. Solution business provides installation and other services. Business services business provides various solutions. Platform solution business provides products using advanced technologies.
SCSK CORPORATION 
