Maruman Korea Co., Ltd. made an offer to acquire 18.57% stake in Maruman & Co., Ltd. (JASDAQ:7834) for approximately ¥940 million on February 14, 2018. Maruman Korea Co., Ltd. will acquire 3.2 million shares at ¥295 per share. The Board of Directors of Maruman & Co., Ltd. established an independent Board committee comprising of Haruyasu Ishigami, Takeshi Nagai and Shunsuke Higuchi. The tender offer will open on February 15, 2018 and close on March 29, 2018. The settlement will start on April 5, 2018. KPMG FAS Co., Ltd. acted as the valuer and Shibata, Suzuki & Nakada acted as the legal advisor to Maruman & Co., Ltd.