TBI Co.,Ltd. completed the acquisition of 52.22% stake in Horiifoodservice Co., Ltd. from Katsumi Horii for ¥1.3 billion.
June 02, 2017
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TBI Co.,Ltd. made an offer to acquire Horiifoodservice Co., Ltd. (JASDAQ:3077) from Katsumi Horii and others for ¥2.5 billion on April 17, 2017. As reported, TBI Co.,Ltd. offered to acquire 5.7 million shares of Horiifoodservice Co., Ltd. at ¥430 per share. TBI Co. will acquire a minimum of 3 million Horiifoodservice shares in the tender offer. The tender offer period will commence on April 18, 2017 and close on May 22, 2017. The settlement will start on May 29, 2017. As of May 19, 2017, the tender offer period was extended. The period will start from April 18, 2017 to June 2, 2017. The settlement will start from June 9, 2017. Anderson Mori & Tomotsune LPC acted as legal advisor to TBI Co.,Ltd., Horiifoodservice Co., Ltd. and applying shareholders. SMBC Nikko Securities, Inc. acted as tender offer agent.
TBI Co.,Ltd. completed the acquisition of 52.22% stake in Horiifoodservice Co., Ltd. (JASDAQ:3077) from Katsumi Horii for ¥1.3 billion on June 2, 2017. As of June 2, 2017, approximately 3 million shares are tendered.
Horiifoodservice Co., Ltd. is a company engaged in the restaurant business. The Company operates in three business segments. The Kita Kanto Area segment includes Ibaraki Prefecture, Tochigi Prefecture and Gunma Prefecture. The Tokyo Metropolitan Area segment includes Tokyo, Kanagawa prefecture, Saitama prefecture and Chiba prefecture. The Northeast Area segment includes Miyagi prefecture, Fukushima prefecture, Yamagata prefecture. The Company's stores are operated under KAKURE-ANN SHINOBUYA, MASU MASU, MONNDOKORO, Tomoe and other brands.
HORIIFOODSERVICE CO., LTD. 
