BJC-33 Co., Ltd. made an offer to acquire Kosaido Co., Ltd. for ¥17.4 billion.
January 17, 2019
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BJC-33 Co., Ltd. made an offer to acquire Kosaido Co., Ltd. (TSE:7868) for ¥15.2 billion on January 17, 2019. Under the terms, BJC-33 Co., Ltd. will acquire 24.9 million shares (wherein a minimum of 16.6 million shares will be acquired) at ¥610 per share. As of March 8, 2019, BJC-33 changed the offer price to ¥700 per share and will acquire a minimum of 12.5 million shares of Kosaido. The Board of Directors of Kosaido Co., Ltd. resolved to recommend the offer to its shareholders on January 17, 2019. The offer will run from January 18, 2019 to March 1, 2019 with settlement date of March 8, 2019. As of February 26, 2019, the offer will now run from January 18, 2019 to March 12, 2019. The settlement date is now March 19, 2019. As of March 8, 2019, the offer period closing date is extended to March 25, 2019 and will settle on March 29, 2019. As of March 25, 2019, the tender offer period will run for 55 business days from 45 business days as was defined earlier. Nishimura & Asahi and iwaida partners acted as legal advisors and YAMADA Business Consulting Co.,Ltd. acted as a third party appraiser to Kosaido Co., Ltd. SMBC Nikko Securities, Inc. acted as a tender offer agent in the transaction.
Kosaido Holdings Co Ltd is a Japan-based company mainly engaged in the provision of information solution, human resources service and operation of ending-related business. The Company operates through four business segments. Information segment is involved in the manufacture and sale of printed materials, publication and sale of the publications, as well as the eco-business. Human Resources segment is involved in the recruitment media business, recruitment and temporary staffing business, recruitment process outsourcing (RPO) business, as well as human resources introduction, human resources education and training, Japanese language education, study abroad support business in Vietnam and other foreign countries. Funeral Service segment is involved in cremation business and management of funeral home business, as well as provision of funeral service. Other segment is involved in asset management of golf courses and others.
KOSAIDO HOLDINGS CO., LTD. 
