TCS Companies Co., Ltd. made a tender offer to acquire 40.8% stake in Technol Seven Co.,Ltd. (JASDAQ:6852) for ¥1.2 billion on December 16, 2020. TCS Companies will acquire Technol Seven Co.,Ltd's shares (excluding the treasury stock) and make the Technol Seven Co.,Ltd.'s shares private. TCS Companies will acquire Technol shares for ¥2000 per share. As of the date of the tender offer, TCS Holdings, the wholly-owning parent company of TCS Companies Co., Ltd. owns directly 400,500 shares of Technol Seven and 475,900 shares through one parent company, two brother companies and 11 subsidiaries i.e. a total of 876,400 shares (59.19%) making Technol Seven a consolidated subsidiary. If the takeover bid is completed with the bidder acquiring 90% or more of the total voting rights of the Company, the bidder will demand the sale of all the remaining shares; and if the takeover bid is completed with the bidder acquiring 90% or more of the total voting rights of the Company, the bidder will demand the sale of all the remaining shares. Lower limit of planned number of purchases is 987,200 shares. The Board of TCS Companies Co., Ltd. resolved to acquire Technol Seven Co.,Ltd. through tender offer on December 16, 2020. The tender offer will run from December 17, 2020 to February 8, 2021. Mizuho Securities Co., Ltd. acted as an financial agent on behalf of Technol Seven Co.,Ltd.