Aeon Hokkaido Corporation (TSE:7512) signed a basic agreement to acquire MAXVALU HOKKAIDO Co., Ltd. (JASDAQ:7465) on October 10, 2018. Aeon Hokkaido entered into a merger agreement to acquire MAXVALU HOKKAIDO on April 10, 2019. After the transaction, Aeon Hokkaido will be the surviving company and MAXVALU HOKKAIDO will be the dissolved company. An agreement concerning the merger is expected to be signed in early April 2019. Resolution of the general meeting of shareholders of Aeon Hokkaido is expected in late May 2019. The transaction was resolved by the board of director's of MAXVALU HOKKAIDO on April 10, 2019. The transaction is expected to close on March 1, 2020. As of February 17, 2020, MAXVALU HOKKAIDO Co., Ltd. will delist from stock exchange on February 27, 2020.

Anderson Mori & Tomotsune LPC acted as a legal advisor to Aeon Hokkaido and Iwata Godo Attorneys and Counselors at Law acted as a legal advisor to MAXVALU HOKKAIDO. YAMADA Consulting Group Co., Ltd. acted as a third party appraiser to Aeon Hokkaido and AGS Consulting Co., Ltd. acted as a third party appraiser to MAXVALU HOKKAIDO.

Aeon Hokkaido Corporation (TSE:7512) completed the acquisition of MAXVALU HOKKAIDO Co., Ltd. (JASDAQ:7465) on February 27, 2020.