Legs Company, Ltd. completed the acquisition of 44.42% stake in CDG Co., Ltd. from Katsunori Fujii and others for ¥3.6 billion.
December 24, 2019
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Legs Company, Ltd. (TSE:4286) signed tender offer tendering agreement to acquire 45% stake in CDG Co., Ltd. (TSE:2487) from Katsunori Fujii and others for ¥3.6 billion on November 27, 2019. Legs will acquire a minimum of 2.3 million shares and a maximum of 2.5 million shares at a price of ¥1423 per share. Katsunori Fujii will sell 2.3 million shares representing 41.57% stake. Post completion, shares of CDG Transaction will not be delisted. The transaction was approved by the Board of CDG Co., Ltd. Tender offer will run from November 28, 2019 to December 25, 2019. Mizuho Securities Co., Ltd. acted as tender offer agent in the transaction. Maxus Corporate Advisory Inc. acted as financial advisor and Oh-Ebashi LPC & Partners acted as legal advisor for CDG Co., Ltd. Frontier Management Inc. acted as financial advisor to Legs Company, Ltd.
Legs Company, Ltd. (TSE:4286) completed the acquisition of 44.42% stake in CDG Co., Ltd. (TSE:2487) from Katsunori Fujii and others for ¥3.6 billion on December 25, 2019.
CL Holdings Inc is a Japan-based company mainly engaged in the provision of marketing services. The Company's main business consists of various activities supporting enterprises to attract and maintain customers, such as advertising, sales promotion services and product planning and manufacturing services. The Company also provides production and quality management related consulting services through its subsidiary. In addition, it is also engaged in manufacturing and sale of character goods, the import and sale and the provision of marketing services. As of December 31, 2014, the Company had five subsidiaries.
CL HOLDINGS INC. 
