Rakuten, Inc. (TSE:4755) made a tender to acquire an additional 43.84% stake in Kenko.com Inc. (TSE:3325) for ¥3.2 billion on November 26, 2015. Rakuten, Inc will acquire 3.14 million shares with minimum tender shares of 0.75 million share. Rakuten, Inc. will pay ¥1,005 per share of Common Stock, ¥1 per Series 9 Stock Acquisition Right, ¥37,200 per Series 11 Stock Acquisition Right, ¥68,000 per Series 12 Stock Acquisition Right, ¥37,200 per Series 13 Stock Acquisition Right, ¥56,200 per Series 14 Stock Acquisition Right, ¥56,200 per Series 15 Stock Acquisition Right, ¥56,200 per Series 16 Stock Acquisition Right, ¥39,800 per Series 17 Stock Acquisition Right, ¥36,600 per Series 18 Stock Acquisition Right, ¥43,400 per Series 19 Stock Acquisition Right, ¥46,100 per Series 20 Stock Acquisition Right, ¥59,200 per Series 21 Stock Acquisition Right, ¥1 per Series 22 Stock Acquisition Right, and ¥1 per Series 23 Stock Acquisition Right.

The Offering period starts from November 27, 2015 to January 18, 2016, whose settlement is expected to start on January 25, 2016. Rakuten expects to acquire 3.14 million shares. Board of Directors of Rakuten, Inc. made a resolution in favor of the transaction on November 26, 2015. es Networks Co., Ltd. acted as independent third party appraiser and SMBC Nikko Securities as financial advisor for Rakuten, Inc. Minato International Law Office acted as legal advisor for Rakuten, Inc. and Kenko.com Inc. Daiwa Securities Co., Ltd. acted as tender offer agent for Kenko.com Inc. Sonenshine Partners acted as financial advisor to Kenko.com Inc

Rakuten, Inc. (TSE:4755) completed the acquisition of 34.3% stake in Kenko.com Inc. (TSE:3325) for ¥2.5 billion on January 18, 2016. Under the offer, 2.5 million shares were tendered.