BCJ-98 revises Nissin tender offer after regulatory approval

BCJ-98 has amended its tender offer for Nissin Corporation (TSE:9066) following clearance from the Japan Fair Trade Commission, now permitting the acquisition of Nissin shares. In addition, Nissin employee shareholder associations have agreed to tender their shares and Yokohama Reito Co., Ltd., Nippon Corporation, and other shareholders have signed agreements to tender their shares. These factors necessitate corrections to the original tender offer documents and the public notice, prompting BCJ-98 to submit revised filings with the Kanto Local Finance Bureau. The revisions primarily concern details about tendering shareholders and the total number of shares committed to the tender offer. BCJ-98's ultimate goal remains to acquire all of Nissin's shares, excluding those held by related parties, as part of a broader transaction to take the company private.