Mandom Corporation
(Change) Notice Regarding Partial Amendments to the “Statement of Support and Recommendation for Participation in the MBO”
Tender offer period extended from January 5, 2026, to January 20, 2026. Ogawa Aromatics Co., Ltd. has agreed to tender and not to withdraw all 339,200 shares (0.75%) it holds.
Key Figures
- Tender offer period extension: January 5, 2026 to January 20, 2026 (74 business days)
- Shares held by agreeing shareholder (Ogawa Aromatics): 339,200 shares (0.75%)
- Minimum number of shares to be purchased: 25,285,200 shares (56.02%)
AI要約
Details of Changes to the Tender Offer
Mandom Corporation has submitted an amended tender offer notification regarding the tender offer for its shares by Caron Holdings Co., Ltd., extending the tender offer period by 10 business days from January 5, 2026, to January 20, 2026. This extension follows Ogawa Aromatics Co., Ltd.'s agreement to tender all 339,200 shares it holds (ownership ratio of 0.75%) and not to withdraw their acceptance. The minimum number of shares to be purchased through the tender offer is 25,285,200 shares (56.02%), conditional upon the support of the majority of minority shareholders.
Background of This Tender Offer and Future Policy
The offeror has doubts regarding the feasibility of the proposed third-party candidate transaction, and is not considering reinitiating a tender offer if this tender offer fails. Therefore, this tender offer aims to provide shareholders with an early and certain opportunity for a reasonable sale. Following the successful completion of the tender offer, an extraordinary general meeting of shareholders is planned to be held around mid-March 2026, including agenda items for share consolidation under Article 180 of the Companies Act and partial amendments to the Articles of Incorporation. The company plans to comply with these proposals.
