Yamada Denki Co., Ltd. (TSE:9831) made a tender offer to acquire 50.1% stake in Hinokiya Group Co.,Ltd. (TSE:1413) from Eidai Co.,Ltd. (TSE:7822), GSK Co., Ltd., EIGHT&COMPANY Co., Ltd. and others for ¥12.6 billion on September 8, 2020. As per the offer, Yamada Denki Co., Ltd. will acquire 6.3 million shares of Hinokiya Group Co.,Ltd at an offer price of ¥2000 per share. The number of minimum shares to be tendered will be 5.7 million share.

Eidai Co.,Ltd. will tender all of its 0.6 million shares held in Hinokiya. The payment start date is October 29, 2020. The tender offer will commence on September 9, 2020.

The offer will close on October 22, 2020. Nomura Securities Co., Ltd. acted as financial advisor to Yamada Denki Co., Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor Hinokiya Group Co.,Ltd.