G. Communication Co., Ltd. made an offer to acquire the remaining 59.88% stake in G.taste Co.,Ltd. for ¥1.5 billion.
February 14, 2013 at 11:00 pm EST
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G. Communication Co., Ltd. made an offer to acquire the remaining 59.88% stake in G.taste Co.,Ltd. (JASDAQ:2694) for ¥1.5 billion on February 15, 2013. G. Communication will acquire 44.5 million shares for ¥31 per share, 50 units of warrants for ¥1 per warrant and 22 units of unsecured convertible bonds with warrants for ¥4.4 million per bond from February 18, 2013 to March 15, 2013. The Board of Directors of G.taste has taken a neutral stance regarding the tender offer.
Masami Komatsu acted as fairness opinion provider for G.taste. Albaace Securities Co., Ltd. acted as tender offer representative for G. Communication.
Yakiniku Sakai Holdings Inc, formerly G.taste Co Ltd, is a Japan-based company mainly engaged in the operation of restaurants. The Company is engaged in the operation of chain stores named Heiroku Sush, Toriaezu Gohei, Murasaki, Yakinikuya Sakai, Nikusho Sakai, Omuraisutei, Nagasaki chan men and others, as well as the sale of products to franchisees operating under the same names. The Company is also engaged in the operation of restaurants named TONKOU, a Chinese restaurant; Shabu-Shabu Shimizu, a shabu-shabu restaurant; TEN.FOUR, a pizza manufacturing, home delivery and over-the-counter sales store; Kabenoana, an Italian restaurant; Shichifuku, a sushi and seafood izakaya restaurant; World Gourmet Junction, a food court; Dominique Buschet Tokyo and Le Copan de Dominique Busche, which are French restaurants.
YAKINIKU SAKAI HOLDINGS INC. 
