KDDI Corporation completed the acquisition of additional 47.88% stake in Lawson, Inc. from its shareholders for ¥400 billion.
April 25, 2024
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KDDI Corporation (TSE:9433) made an offer to acquire an additional 47.88% stake in Lawson, Inc. (TSE:2651) from its shareholders for ¥500 billion on February 6, 2024. The commencement of tender offer is March 28, 2024, and closing of tender offer period is April 25, 2024. Nishimura & Asahi acted as legal advisor and UBS Securities Japan Co., Ltd. acted as financial advisor for KDDI Corporation. Anderson Mori & Tomotsune LPC and Nakamura, Tsunoda & Matsumoto acted as legal advisors and Daiwa Securities Co. Ltd. and SMBC Nikko Securities Inc. acted as financial advisors for Lawson Inc. Nomura Securities Co., Ltd acted as Tender offer agent in the transaction.
KDDI Corporation (TSE:9433) completed the acquisition of additional 39% stake in Lawson, Inc. (TSE:2651) from its shareholders for ¥400 billion on April 25, 2024.
Lawson, Inc. is a company mainly engaged in the operation of convenience stores. The Company operates in four segments. The Domestic Convenience Store segment operates chains of convenience stores under the names LAWSON, NATURAL LAWSON, and LAWSON STORE 100. The Seijoishii segment operates the supermarkets. The Entertainment related segment sells tickets for concerts, music and video software, as well as operate complex cinemas. The Finance related segment operates the banking business.