Sankyo Bussho Co., Ltd. agreed to acquire Umidonya Co., Ltd from Maruichi Co. Ltd. (NSE:8228), Nosan Corporation, Kenichi Tanaka and relatives and others in stock on August 7, 2012. Sankyo will issue 24 shares for every share of Umidonya.

Sankyo will issue 1,440 shares in the transaction. Sankyo will be the surviving company while Umidonya will be the dissolving company. Umidonya had sales of ¥4.87 billion, net assets of ¥214 million and ¥535 million for the year ending September 2011.

Approval of the merger by the Board of Directors of Sankyo Bussho, Maruichi and Umidonya and conclusion of the merger agreement is scheduled on August 8, 2012. Approval of the merger by the shareholding commission of Umidonya and Sankyo is scheduled on August 27, 2012. The transaction was resolved by the Board of Directors of Maruichi on August 7, 2012.

The transaction is expected to complete on October 1, 2012.