J-COM Holdings Co.,Ltd. (TSE:2462) made a takeover bid to acquire an additional 23.93% stake in SUCCESS Holdings Company Limited (TSE:6065) for ¥2.1 billion on May 29, 2015. As reported, J-COM will acquire 1.25 million shares at an offer price of ¥1,700 per share. Post transaction, J-COM will increase its voting rights in Success Holdings from 26.17% to 50.1%.

The offering period starts from June 1, 2015 to June 29, 2015. The settlement will start on July 3, 2015. Plutus Consulting acted as valuer for J-COM Holdings Co., Ltd., Takanosogo acted as valuer and Houritsuka acted as legal advisor for SUCCESS Holdings Company Limited.