ALBIS Co.,Ltd.
Notice of Agreement with Life Corporation regarding tender offer on our shares and recommendation to apply
Overview of the tender offer and the decision to express support and recommend applying. The offer price is 3,780 yen, finalized at 3,780 yen. The offer aims to take Albis in the Hokuriku region private through the tender offer as a consolidated subsidiary. Tender offer period is 40 business days, minimum of 4,171,200 shares, with final shareholder composition expected to be 83.38% for the offeror and 16.62% for non-applicants. The plan details include extraordinary general meetings and squeeze-out procedures.
Key Figures
- Purchase price: 3,780 yen
- Minimum number of shares to be acquired: 4,171,200 shares
- Final shareholder composition: Tender offeror 83.38%, agreed non-applicant shareholders 16.62%
AI要約
Rationale and overview of the statement
This IR communicates the resolution to express support for Albis' tender offer by Life Corporation and to recommend applying. The purpose of the offer is to take the company private, and the offer period is from September 9, 2026 to November 10, 2026, for 40 business days. The offer price is 3,780 yen and final. The minimum number of shares to be tendered is 4,171,200, and the final shareholder composition is expected to be 83.38% for the offeror and 16.62% for non-applicant agreeing shareholders.
Decision process and safeguards for fairness
A Special Committee was established to ensure independence, and after multiple proposals and responses, the final price was determined. SMBC Nikko Securities was engaged as a pricing agent using the Market Price Method, Comparable Company Method, and DCFA method. Multiple measures are in place to guarantee fairness, including appointing independent law firms and financial advisors.
ALBIS Co.,Ltd.
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