SG Holdings Co.,Ltd. (TSE:9143) made an offer to acquire Chilled & Frozen Logistics Holdings Co., Ltd. (TSE:9099) from Ohmoto Gumi Co., Ltd. (TSE:1793) and others for ¥120 billion on April 9, 2024. SG Holdings will acquire 21.55 million shares at ¥5,740 each. The tender offer will close on July 12, 2024.

Daiwa Securities Co. Ltd. acted as financial advisor and City-Yuwa Partners acted as legal advisors to SG holdings and QuestHub Co. Ltd. acted as financial advisor and TMI Associates acted as legal advisors to Chilled & Frozen Logistics.

Nagashima Ohno & Tsunematsu acted as legal advisor and YAMADA Business Consulting Co.,Ltd. acted as financial advisor to Chilled & Frozen Logistics Holdings Co., Ltd.