Azabudai No. 1 LLP made an offer to acquire 65% stake in Horiifoodservice Co., Ltd. (TSE:3077) from Mizuho Bank, Ltd., Jogashima Suisan Co., Ltd. and others for ¥1.2 billion on May 16, 2024. The consideration will be paid at a price of ¥330 per share. Under the terms, Azabudai will acquire a maximum of 3,685,300 shares and a minimum of 2,976,800 shares. Azabudai plans to cover the funds required for the Tender Offer through investments from its partners. The tender offer period will start from May 17, 2024 to June 13, 2024. The transaction has been unanimously approved by board of Horiifoodservice. Takehiro Nakamura provided an external auditor opinion to Horiifoodservice. Azabudai intends to commence the tender offer for the shares in mid-July 2024. Mita Securities Co., Ltd. acted as transfer agent for Horiifoodservice. Nagashima Ohno & Tsunematsu and City-Yuwa Partners acted as legal advisor to Azabudai.

Azabudai No. 1 LLP cancelled the acquisition of 65% stake in Horiifoodservice Co., Ltd. (TSE:3077) from Mizuho Bank, Ltd., Jogashima Suisan Co., Ltd. and others on June 13, 2024.