Unimat Life Corporation made an offer to acquire additional 50.45% stake in UNIMAT Retirement Community Co.,Ltd. (JASDAQ:9707) for ¥6 billion on February 9, 2021. Under the terms of the tender offer, Unimat Life will acquire a total of 4.34 million shares with a minimum requirement of acquiring 1.47 million shares at ¥1400 per share. UNIMAT Retirement Community shares will be delisted. Unimat Life Corporation, along with its parent Unimat Holding, owns 18.18% of target shares and Unimat Life's chairman, Yoji Takahashi owns 31.48% shares, which are not a part of the tender offer. In addition, if the Tender Offer is successful but Unimat Life Corporation is unable to acquire all of the UNIMAT Retirement Community, the Squeeze-out Procedure will be carried out. The board of directors of UNIMAT Retirement Community supported the offer and encouraged its shareholders to accept the offer. The tender offer period will run from February 10, 2021 to March 25, 2021. UNIMAT Retirement Community established a special committee composed of members, Yusuke Takatani, Akira Takagi and Takashi Yokota. SMBC Nikko Securities Inc. acted as financial advisor and City-Yuwa Partners acted as legal advisor for Unimat Life, and Daiwa Securities Co. Ltd acted as financial advisor and third-party calculation institution for ensuring fairness of offer and TMI Associates acted as legal advisor for UNIMAT Retirement Community. Unimat Life Corporation completed the acquisition of an additional 31% stake in UNIMAT Retirement Community Co.,Ltd. (JASDAQ:9707) for ¥3.7 billion on February 9, 2021. The settlements shall start from March 31, 2021.