NEXT-O Co., Ltd. made a tender offer to acquire Oliver Corporation (TSE:7959) from Okawa Foundation and others for ¥38.6 billion on June 22, 2021. As a part of the transaction, 10.2 million share will be tendered for ¥3,781 per share. Minimum shares to be tendered as apart of the offer is 6.19 million. Tender offer period will be open by August 5, 2021. Nomura Securities Co., Ltd. acted as a financial adviser and Mizuho Securities Co., Ltd. acted as a transfer agent to Oliver Corporation. As on August 2, the offer period was extended till August 17, 2021. NEXT-O Co., Ltd. completed the acquisition of Oliver Corporation (TSE:7959) from Okawa Foundation and others on August 17, 2021. As per terms of transaction, NEXT-O Co., Ltd. acquired 9.4 million shares, representing 92.29% stake and completed the condition of minimum tender. Settlement will start from August 24, 2021. NEXT-O Co. will now carry out the procedure to acquire remaining shares. On August 25, 2021. Oliver Corporation received a sale request for all the remaining shares and its Board of Directors resolved to sell the shares at a price of ¥3,781 per common share. The last day of buying and selling is September 13, 2021. As a result, Oliver Corporation's shares are expected to be delisted on September 14, 2021.