IKK Co., Ltd. along with the management of Taisei Co.,Ltd. (NSE:4649) made a tender offer to acquire Taisei Co.,Ltd. (NSE:4649) for ¥5.8 billion in a management buyout transaction on February 8, 2021. Under the terms, each share will be acquired at a price of ¥1140 per common share. The offeror has set the lower limit of the number of shares to be purchased to 2.1 million shares. If the total number of shares tendered is less than 2.1 million shares, all of the tendered shares will not be purchased. A special committee has been formed by Taisei in respect of the transaction. As a part of the transaction, the shares of Taisei will be delisted. The tender offer will commence from February 9, 2021. Anderson Mori & Tomotsune LPC acted as legal advisor and Daiwa Securities Co. Ltd. acted as financial advisor to Taisei in the transaction.