GC Holdings Co., Ltd. made a tender offer to acquire 80.77% stake in Goo Chemical Co., Ltd. for ¥8.8 billion.
February 03, 2022
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GC Holdings Co., Ltd. made a tender offer to acquire 80.77% stake in Goo Chemical Co., Ltd. from Shoei Yakuhin Co.,Ltd. (TSE:3537) and others for ¥8.8 billion on February 4, 2022. Under the terms, 5,082,118 shares will be acquire at the price of ¥1,730 per share. As of February 4, 2022, shareholders of Goo Chemical resolved to recommend to apply for the Tender Offer. Minimum tender shares should be 2,984,800. Tender period will commence from February 7, 2022 to March 23, 2022. A special committee has been formed. As part of the transaction, all 227,000 shares of Goo Chemical held by Shoei Yakuhin were tendered. As a result of the tender offer, total of 6,130,531 shares representing 97.43% stake in Goo Chemical, are tendered until the close of tender offer on March 23, 2022.
City-Yuwa Partners acted as a legal advisor to Goo Chemical Co., Ltd. YAMADA Business Consulting Co.,Ltd. acted as financial advisor to Goo Chemical.
SHOEI YAKUHIN CO.,LTD. is a Japan-based company mainly engaged in chemicals business. The Company mainly operates in three segments. The Chemicals segment is engaged in the sale of chemicals, including oleochemical, such as fatty acids, fatty amines, fatty alcohols and glycerin, as well as surfactants, among others. The Daily Necessities segment is engaged in the plan, development and sale of detergents, cosmetics and various ideas miscellaneous goods. The Civil Engineering and Construction Materials segment is engaged in the sale of ground improvement chemicals, repair materials, and environmental improvement chemicals.
SHOEI YAKUHIN CO.,LTD. 
