Aeon Co., Ltd. completed the acquisition of an additional 27.34% stake in Gfoot Co.,Ltd. from Hiroyuki Hattori and other shareholders for ¥5 billion.
September 18, 2013 at 12:00 am
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Aeon Co., Ltd. (TSE:8267) made an offer to acquire the remaining 55.69% stake in Gfoot Co.,Ltd. (NSE:2686) from Hiroyuki Hattori, Tsuruya Shoji YK, Toyoko Hattori, Mashiko Uemura, Kayo Nishida, Aya Hattori and others for ¥10.2 billion on August 20, 2013. Aeon Co., Ltd. is acquiring 5.8 million shares of Gfoot Co.,Ltd. and paying ¥1762 per share. The tender offer period will be from August 21, 2013 to September 18, 2013. The transaction has been resolved by Board of Directors of Gfoot Co.,Ltd. Start date of settlement will be September 26, 2013. The Gfoot Co.,Ltd's Board of Directors expressed agreement to the tender offer and furthermore, expressed the opinion that it had no objections that it should be left to the judgement of the shareholders whether or not to subscribe to the tender offer. Mizuho Securities Co., Ltd. acted as tender offer agent on the transaction. Akihisa Shibata acted as legal advisor to Gfoot Co.,Ltd.
Aeon Co., Ltd. (TSE:8267) completed the acquisition of an additional 27.34% stake in Gfoot Co.,Ltd. (NSE:2686) from Hiroyuki Hattori and other shareholders for ¥5 billion on September 18, 2013. Aeon acquired 2.85 million shares.
GFOOT CO., LTD. is primarily engaged in the general retail business with a focus on general merchandising store (GMS). The Company is also involved in the specialty store business, developer business and services business. The Company provides men's shoes, ladies' shoes, sports shoes, athletic shoes, children shoes and imported miscellaneous goods, through specialty shops in shopping centers. As of February 28, 2014, the Company had 735 stores located in Hokkaido area, Tohoku area, Kanto area, Chubu area, Kinki area, Chugoku area, Shikoku area and Kyushu area.