Sullivan & Cromwell – Sullivan & Cromwell LLP represented Sompo Japan Nipponkoa Holdings, Inc. in its tender offer for the shares of common stock of Message Co., Ltd. (Japan) and in Message Co.’s subsequent consolidation as a subsidiary of Sompo Japan Nipponkoa, completed March 7, 2016. The S&C team on the transaction included:
Corporate:
Keiji Hatano (Partner, Tokyo)
Ken Kiyota (Associate, Tokyo)
Completion of Acquisition / Subsidiary Acquisition Announcement (Acquisition of shares of Message Co., Ltd.) Sompo Japan Nipponkoa Holdings, Inc. (president: Kengo Sakurada; the “Company”) hereby announces that today, the Company completed the procedures for the settlement of the tender offer (second) for the shares of common stock of Message Co., Ltd. (“Message”) under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended) and Message became a subsidiary of the Company, as announced in “Announcement Concerning Results of Tender Offer (Second) for Shares of Message Co., Ltd. (Stock Code: 2400) and Change in Subsidiary” dated March 1, 2016. It is expected that Message will be a consolidated subsidiary of the Company.
Hereafter, the Company’s group aims to provide the highest-quality nursing care service, which would be used and preferred by more customers, through its various efforts (including those described in the Exhibit) to utilize its management resources and knowhow accumulated through the Company’s wide network and various group activities. The Company’s group will endeavor to enable customers to live, for the entirety of their lives, a life that is assured of “security, health and wellbeing” through provision of insurance and nursing care services.
