Sumiyoshi Shokuhin Y.K. made an offer to acquire additional 8.5% stake in Sato Foods Co., Ltd. (TSE:2923) for ¥1.4 billion on June 12, 2017. Under the terms, the offer is made for no more than 0.43 million shares at ¥3164 per share of Sato Foods. The offer period will start from June 13, 2017, and will close on July 10, 2017. Iwata Godo Attorneys and Counselors at Law acted as legal advisor for Sato Foods Co., Ltd. Mizuho Securities Co., Ltd. acted as tender offer agent.