Sanko Gosei Ltd. completed the acquisition of 60.34% stake in Sekisui Machinery Co., Ltd. from Sekisui Chemical Co., Ltd., Faltec Co., Ltd., ARRK Corporation and others.
April 19, 2015
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Sanko Gosei Ltd. (JASDAQ:7888) made a offer to acquire remaining 66.99% stake in Sekisui Machinery Co., Ltd. (TSE:6487) from Sekisui Chemical Co., Ltd. (TSE:4204), Faltec Co., Ltd. (TSE:7215), ARRK Corporation (TSE:7873) and others for ¥1.8 billion on March 6, 2015. Under the terms of the transaction, Sanko Gosei will acquire 6.2 million shares at a price of ¥285 per share. Sanko Gosei will purchase a minimum of 4.14 million shares and a maximum of 6.2 million shares of Sekisui Machinery. The offer period starts from March 9, 2015 to April 20, 2015. Transaction is expected to be completed by April 24, 2015. SMBC Nikko Securities Co., Ltd acted as financial advisor to Sanko Gosei. Daiwa Institute of Research Ltd acted as valuer and Sato Sogo Law Office acted as legal advisor to Sekisui Machinery Co., Ltd.
Sanko Gosei Ltd. (JASDAQ:7888) completed the acquisition of 60.34% stake in Sekisui Machinery Co., Ltd. (TSE:6487) from Sekisui Chemical Co., Ltd. (TSE:4204), Faltec Co., Ltd. (TSE:7215), ARRK Corporation (TSE:7873) and others on April 20, 2015. Sanko Gosei Ltd. acquired 5.6 million shares for ¥1.6 billion at the close of the tender offer period on April 20, 2015.
SANKO GOSEI LTD. is a company mainly engaged in the manufacture and sale of plastic molded products and molding dies. The Company operates in four business segments. The Japan segment is engaged in the molded products business, including the manufacture and sale of information and communications equipment, vehicles business and home appliances business, as well as mold business. The Europe segment is engaged in the molded products business, including the vehicles business and home appliances business, as well as mold business. The Asia segment is engaged in the molded business, including information and communications equipment, vehicles business and home appliances business , as well as mold business. The North America segment is engaged in the molded products business, including vehicles business and mold business.
Sanko Gosei Ltd. completed the acquisition of 60.34% stake in Sekisui Machinery Co., Ltd. from Sekisui Chemical Co., Ltd., Faltec Co., Ltd., ARRK Corporation and others.
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SANKO GOSEI LTD. 
