SEED Co.,Ltd.
Notice regarding the commencement of a tender offer by Luxshare Precision Cayman Limited for Seed Co., Ltd. (Securities code: 7743) Ordinary shares
The core of the news is that Luxshare group plans to Tender for Seed shares to delist and go private. Offer price is 795 yen per share, minimum number of shares to be acquired is 5,408,800 shares, period is 30 business days, with key agreements including handling of the Taiwan subsidiary.
Key Figures
- 本公開買付価格: 795 円
- 買付予定数の下限: 5,408,800 株
- 期間: 2026 年 8 月 27 日〜 2026 年 10 月 13 日
AI要約
Overview of the tender offer
Luxshare group tenderer announced plans to acquire Seed's ordinary shares to go private. Offer price is 795 yen, period is 30 business days, lower limit of shares to be acquired is 5,408,800 shares. With Mr. Takashi Arai as the largest shareholder, post-tender organizational restructuring and voting rights ratio are expected to be 49.00% for the tenderer and 51.00% for Mr. Arai. Several important agreements, including the treatment of the Taiwan subsidiary, are listed together.
Fairness assurance and equal treatment
A Special Committee is established, with multiple independent financial advisors and third-party valuation firms (AGS FAS, PwC Advisory) obtaining equity value assessments. Using market price method, comparable listed company method, and DCF method as bases, the premium level is deemed reasonable. The majority-of-minority concept is not adopted. However, given Mr. Arai's 48.80% stake, independent committee has been established to address concerns about MBO-like aspects.
Seed Corporation
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