Suntera (Cayman) Limited made a tender offer to acquire 20.03% stake in Sanken Electric Co., Ltd. (TSE:6707) for ¥25 billion on February 8, 2021. The buyer will acquire 4.83 million Sanken Electric shares at a price of ¥5,205 per share. The tender offer will commence on February 9, 2021 and end on March 24, 2021. The transaction is subject to approval of Board of Directors scheduled to be held on February 24, 2021. JPMorgan Securities Japan Co., Ltd. and Skadden, Arps, Slate, Meagher & Flom LLP acted as financial and legal advisors to Sanken Electric Co., Ltd. respectively. Suntera (Cayman) Limited completed the acquisition of 19.93% stake in Sanken Electric Co., Ltd. (TSE:6707) for ¥25 billion on March 24, 2021.