Daido Steel Co., Ltd. (TSE:5471) made an tender offer to acquire additional 8.1% stake in Nippon Seisen Co.,Ltd. (TSE:5659) for ¥2.6 billion on November 30, 2021. Daido Steel Co., Ltd. will acquire 0.4 million shares at ¥5300 per share. Tender offer will begin on December 1, 2021 and will end on January 18, 2022.

Daido Steel Co., Ltd. (TSE:5471) completed the acquisition of a 8.09697% stake in Nippon Seisen Co.,Ltd. (TSE:5659) on January 18, 2022.