AK Corporation made a tender offer to acquire 87.73% stake in Aiko Corporation (JASDAQ:9909) Koshow Co.,Ltd., Mitsuwa Electric Co., Ltd., Fujiden Corporation and Negurosu Denko Co., Ltd., and others for ¥1.8 billion on May 11, 2021. AK Corporation entered into a contract to acquire Aiko Corporation from Koshow Co.,Ltd., Mitsuwa Electric Co., Ltd., Fujiden Corporation and Negurosu Denko Co., Ltd., on August 6, 2021. Pursuant to the terms of the transaction, AK Corporation shall acquire a total of 0.766 million shares of Aiko Corporation at ¥2,360 per share. AK Corporation intends to privatize Aiko Corporation. The resolution of the Board of Directors of Aiko Corporation was made on the premise that the shares of Aiko Corporation will be delisted due to the tender offer and a series of subsequent procedures. The transaction has been resolved upon by the Board of Directors of Aiko Corporation in a meeting held on August 6, 2021. The tender offer will commence from August 10, 2021 and run until September 28, 2021. Trustees Advisory K.K., acted as financial advisor and TMI Associates acted as legal advisor to Aiko Corporation. Anderson Mori & Tomotsune LPC also acted as legal advisor in the transaction. SBI Securities acted as tender offer agent in the transaction. AK Corporation completed the acquisition of 75.8% stake in Aiko Corporation (JASDAQ:9909) from Koshow Co.,Ltd., Fujiden Corporation, Negurosu Denko Co., Ltd., Mitsuwa Electric Co., Ltd., and others for ¥1.6 billion on September 28, 2021.