Japan Post to launch tender offer for Tonami Holdings

Japan Post Holdings (TSE: 6178) announced that its subsidiary, JWT Corporation, will commence a tender offer for all outstanding shares of Tonami Holdings Corporation (TSE: 9070). JWT aims to acquire all shares to make Tonami a wholly-owned subsidiary, part of a transaction intended to increase efficiency and profitability within the logistics sector. The tender offer price is set at ¥10,200 per share. JWT has secured agreements from major shareholders, representing over 20% of Tonami's outstanding shares, to tender their shares. The tender offer period is from February 27, 2025, to April 10, 2025. The minimum number of shares to be purchased has been set at 6,036,500. JWT plans to fund the acquisition through bank loans and capital contributions from Japan Post and other investors.