Sompo Japan Nipponkoa Holdings, Inc. (TSE:8630) made an offer to acquire 46.5% stake in Message Co., Ltd. (JASDAQ:2400) from Higashiune Shoji Y.K., Takae Hashimoto, Toshiaki Hashimoto and others for ¥23.3 billion on December 18, 2015. Sompo Japan Nipponkoa Holdings will acquire 9.34 million shares at a price of ¥2500 per share. Higashiune Shoji Y.K., Takae Hashimoto and Toshiaki Hashimoto are selling 5.8 million shares, 0.6 million shares and 0.56 million shares respectively. The offering period from December 21, 2015 to January 25, 2016 and the settlement date is January 28, 2016. The offer is subject to antitrust approvals, Board approval of Message Co and minimum tender. Mizuho Securities Co., Ltd. acted as tender offer agent. Anderson Mori & Tomotsune LPC acted as legal advisor for Message Co., Ltd. Nomura Securities acted as valuer in the transaction. Keiji Hatano of Sullivan & Cromwell LLP (Japan) acted as legal advisor to Sompo.

Sompo Japan Nipponkoa Holdings, Inc. (TSE:8630) completed the acquisition of 34.6% stake in Message Co., Ltd. (JASDAQ:2400) from Higashiune Shoji Y.K., Takae Hashimoto, Toshiaki Hashimoto and others for ¥17.4 billion on January 25, 2016. Sompo Japan Nipponkoa Holdings, Inc will now make a second tender offer to acquire more shares.