Amase Create Co., Ltd and Masato Ito indicated a takeover bid to acquire remaining shares in Odelic Co., Ltd. (JASDAQ:6889) for ¥30.7 billion on February 4, 2020. As a part of the transaction Amase Create and management will acquire all warrants and outstanding shares of Odelic for ¥6,150 per share. The transaction was approved by the shareholders of Odelic. The offer period is active from February 5, 2020 to March 17, 2020. SMBC Nikko Securities Inc. acted as a tender offer agent. YAMADA Consulting Group Co., Ltd. as its financial advisor and third-party appraiser, TMI Associates as its legal advisor, and established an independent committee to Odelic. Amase Create Co., Ltd. and Masato Ito completed the acquisition of an additional stake in Odelic Co., Ltd. (JASDAQ:6889) for ¥27.9 billion on March 19, 2020. As a part of the tender offer, 4.54 millions shares were tendered representing more than 50% stake. After the transaction Amase Create will hold 85.70% stake in Odelic. The shareholders of the Odelic who did not tender in the Tender offer will participate in the extraordinary general meeting of shareholders.