Aeon Co., Ltd. (TSE:8267) made an offer to acquire an additional 35.4% minority stake in Can Do Co., Ltd. (TSE:2698) for ¥13.7 billion on November 29, 2021. Aeon will acquire 5.936963 million shares of Can Do Co. at a price of ¥2300 per share.

Listing of Can Do Co.'s shares will be maintained even after the purchase. Offer will open on November 30, 2021 and will close on December 27, 2021. Kitahama Partners acted as legal advisor to Can Do Co., Ltd. and Aeon Co., Ltd. Deloitte Tohmatsu Financial Advisory LLC acted as financial advisor to Can Do Co., Ltd. and Aeon Co., Ltd.