Fuji Media To Launch Tender Offer for Cecile

Fuji Media Holdings Inc, a media conglomerate, announced that it will make a tender offer for shares of Cecile Co., one of the listed mail-order sales companies. The major shareholder of Cecile, LDH Corp. (former Livedoor Co.,) said in a separate release that it agreed to the tender offer by Fuji Media.

Fuji Media intends to beef up its mail-order business through this M&A.