Fujifilm Corporation completed the acquisition of 16.29% stake in STUDIO ALICE Co.,Ltd. from Torrance Japan Co., Ltd., Shoji Kimura and two of his relatives.
March 14, 2019
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Fujifilm Corporation agreed to acquire 16.29% stake in STUDIO ALICE Co.,Ltd. (TSE:2305) from Torrance Japan Co., Ltd., Shoji Kimura and two of his relatives for ¥6.7 billion on February 7, 2019. A share transfer agreement is planned to be concluded on February 7, 2019. Under the terms, 2.8 million shares will be acquired at ¥2,384 per share. Torrance Japan Co., Ltd. will sell 0.5 million shares, Shoji Kimura will sell 1.8 million shares and his relatives will sell 0.5 million shares. The Board of Directors of STUDIO ALICE Co.,Ltd. passed a resolution on February 7, 2019. The shares will be acquired on the day after the 5th business day of the date specified by the said law or on the date separately agreed. The transaction is expected to be completed by March 15, 2019.
Fujifilm Corporation completed the acquisition of 16.29% stake in STUDIO ALICE Co.,Ltd. (TSE:2305) from Torrance Japan Co., Ltd., Shoji Kimura and two of his relatives on March 15, 2019.
Studio Alice Co Ltd is a Japan-based company mainly engaged in the photograph business. The Company operates in two business segments. The Photograph segment is engaged in the shooting, production and processing of studio photos, and the production and printing of displays. The Dresses Production Wholesale segment is engaged in the production and sale of dresses and clothes for photo shooting.
Fujifilm Corporation completed the acquisition of 16.29% stake in STUDIO ALICE Co.,Ltd. from Torrance Japan Co., Ltd., Shoji Kimura and two of his relatives.