Japan Law Express

Japanese Law Blog

Tuesday, May 26, 2009

Unison changed the conditons of concerning the Tender Offer for the Shares of Aderans

May 25, Unison Capital Group changed the offer price concerning the tender offer for the shares of Aderans Holdings Co., Ltd, one of the Japan’s top hair piece maker.

Unison raised from 1000 yen to 1200 yen per one share.

The top share holder of Aderanse is Steel Partners Japan Strategic Fund (Offshore), L.P.

Steel criticized Unison for their offering , which is too cheap.

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