SBI Fund To Launch Tender Offer For Narumiya Int'l

SBI Holding Inc. announced that its investment fund will launch a tender offer to buy an additional stake in Narumiya International Co., a major children's and toddlers' wear retailer, boosting the fund's stake in the company to 100% from the current 58%. The SBI Value Up fund will buy Narumiya at 45,000 yen per share, with total costs of about 1.14 billion yen. Narumiya said that it has agreed to the tender offer and its shares will be delisted from the Jasdaq Securities Exchange.