Mandom Corporation
(Change) Notice of Partial Amendment to the “Statement of Support and Recommendation for Tender Offer Implementation”
The tender offer period has been extended from January 20, 2026, to January 29, 2026. Contract modifications were made following the share transfer between Hibiki Path Advisors and receipt of a letter of intent from KKR.
Key Figures
- Extension of Tender Offer Period: From January 20, 2026, to January 29, 2026
- Number of Shares Owned by Agreed Tendering Shareholders (CI11 etc.): 9,676,600 shares (ownership ratio 21.44%)
- Number of Shares Owned by Agreed Tendering Shareholders (Hibiki): 2,496,700 shares (ownership ratio 5.53%)
- Number of Shares Owned by Agreed Tendering Shareholders (Ogawa Koryo): 339,200 shares (ownership ratio 0.75%)
- Tender Offer Price: 2,520 yen or more
AI要約
Partial Amendment to the Tender Offer
Mandom Corporation has announced a partial amendment to the notice of support and recommendation for the MBO implementation dated September 25, 2025. Following the submission of an amended tender offer notification by the tender offeror, Caron Holdings Co., Ltd., the tender offer period has been extended from January 20, 2026, to January 29, 2026. This change reflects the contractual position transfer related to the subscription agreement between Hibiki Path Advisors Pte. Ltd. and Hibiki Path Advisors SPC, as well as the receipt of a letter of intent regarding privatization from KKR.
Background of the Tender Offer and Future Schedule
The tender offeror has entered into subscription agreements with agreed tendering shareholders (CI11 etc.), agreed tendering shareholders (Hibiki), and agreed tendering shareholders (Ogawa Koryo), agreeing that these shareholders will tender their held shares in this tender offer. Regarding Hibiki, shares were transferred from old Hibiki to new Hibiki, including the transfer of contractual positions. After the tender offer is completed, a general meeting of shareholders is planned, which will include a reverse stock split and amendments to the articles of incorporation under the Companies Act. The extension of the tender offer period ensures that shareholders have an appropriate opportunity to make informed decisions.
