Kadoya Sesame Mills Incorporated
(Amendment) Notice Regarding Partial Amendment to “Expression of Opinion of Support and Recommendation to Tender in the Tender Offer by ITG-G Holdings Co., Ltd. for Our Shares”
The tender offer by ITG-G Holdings aiming to take Kadoya Sesame Mills Incorporated private has had its offer period extended to 39 business days. The offer price is 2,514 yen per share with a lower limit of 13,847,100 shares. Following discussions with major shareholders including Mitsubishi Corporation and Mitsui & Co., changes to the handling of treasury stock acquisition are being considered, prompting review of the offer period, minimum number of shares and offer price. A corrected tender offer statement was filed after receipt of a proposal from a new proposer (Company C), and the period extension was decided.
Key Figures
- Offer Price: 2,514 yen
- Offer Period: Extended to 39 business days
- Minimum Number of Shares to be Purchased: 13,847,100 shares
AI要約
Overview of the Tender Offer and Period Extension
This matter concerns a tender offer by ITG-G Holdings aimed at taking Kadoya Sesame Mills Incorporated private. The offer period has been extended to 39 business days, from September 15, 2026 to November 13, 2026. The offer price is 2,514 yen per share, and the minimum number of shares to be purchased is set at 13,847,100 shares. The period was extended in connection with the filing of a corrected tender offer statement.
Background of Discussions with Major Shareholders and Future Steps
Major shareholders, namely Mitsubishi Corporation and Mitsui & Co., which are the first and second largest shareholders, are involved in this matter. Through discussions, changes to conditions including the treatment of treasury stock acquisition are being considered. Receipt of a proposal from Company C was announced, necessitating the filing of a corrected tender offer statement and resulting in the period extension. Depending on further discussions, changes to the offer price and the number of target shares may be considered.
Kadoya Sesame Mills Incorporated
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