You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

SINGAPORE--(BUSINESS WIRE)--Metrica Partners Pte. Ltd. sent the following letter to the board of LINE Corp. today. The letter can also be viewed at https://www.metricapartners.com. Mr. LEE Hae-Jin Chairman of the Board LINE Corporation JR Shinjuku Miraina Tower 23F 4-1-6 Shinjuku Shinjuku-ku Tokyo 160-0022 Japan Dear Mr. Lee, Metrica Partners Pte. Ltd. (Metrica) is the manager of, and adviser to multiple funds that own shares in LINE Corp. (LINE, Securities Code: 3938). We refer to yesterdays announcement by LINE, showing that a majority of independent shareholders joined Metrica in refusing to tender their shares into the Joint Tender Offer by SoftBank Corp. (SoftBank, Securities Code: 9434) and NAVER Corporation (NAVER, Securities Code: 035420). Metrica stands by its previously expressed (note 1) opinion that the tender offer price was inadequate: Furthermore, Metrica believes that LINEs other independent shareholders may share Metricas concerns that the procedures leading up to the Special Committees decision to express, and subsequently reaffirm, its support for the Joint Tender Offer did not meet the required standard of fairness envisioned in the Guidelines: Over the last two weeks, Metrica has been approached by many other LINE shareholders that have expressed similar sentiments regarding the Joint Tender Offer price and the perceived fairness of the transaction. While many of these shareholders are major institutional investors that, similar to Metrica, have the time and financial resources to fund an appraisal rights action through the Japanese court system, Metrica has also been contacted by retail investors for whom such an action would be well beyond their means. Metrica is disappointed that the Joint Tender Offer parties plan to forcibly acquire the shares of retail investors at a disadvantageous price and in a manner that effectively leaves them with no recourse. In the interests of fairness, LINE must therefore immediately take action to protect the interests of all minority shareholders, large and small, by postponing the Share Consolidation EGM and asking SoftBank and NAVER to resubmit the Joint Tender Offer with both a fair price and a minimum shareholder acceptance condition. Sincerely, Damian L. Edwards Chief Investment Officer Metrica Partners Pte. Ltd. Note 1: https://metricapartners.com/blog/2020/08/24/metrica-partners-will-not-tender-into-the-line-joint-tender-offer-and-urges-other-shareholders-to-consider-following/ Note 2: According to Metricas analysis, NAVER stake in LINE was worth JPY 802 billion at LINEs closing price of JPY 4,585 on 13 November 2019 (the undisturbed price date). NAVER is also expected to contribute about JPY 196 billion of cash to the Business Integration, consisting of about JPY 186 billion as part of the Joint Tender Offer, and a further JPY 10 billion as part of the JV Conversion Transaction. Upon the conclusion of the Business Integration, NAVER will own over 2.4 billion shares in Z Holdings, which are currently worth JPY 1,636 billion. This equates to a profit for NAVER of more than JPY 638 billion, which is equivalent to JPY 3,643 for each share that NAVER currently owns in LINE. It means that NAVER ultimately ends up with value equivalent to at least JPY 8,228 (= JPY 4,585 + JPY 3,643) per share. About Metrica: Metrica Partners Pte. Ltd. is a Singapore-based manager of investments in Asia-Pacific. Investors in Metricas funds include global institutions, family offices, high net worth individuals and its employees. Metrica promotes good corporate governance and works with its portfolio companies to enhance shareholder value. More information is available at https://metricapartners.com.

Answer: LINE Must Postpone the Squeeze-Out EGM and Address the Interests of the Majority of Independent Shareholders That Did Not Tender Into the Joint Tender Offer