Mandom Corporation
Notice Regarding the Results of the Tender Offer for Our Shares by Caron Holdings Co., Ltd. and the Change of Parent Company and Major Shareholder
The tender offer by Caron Holdings Co., Ltd. for 32,359,329 shares of common stock of Mandom Corporation was successful, and as of March 4, 2026, the parent company and major shareholder will change, with the voting rights ownership ratio expected to reach 71.69%.
Key Figures
- Number of Shares Tendered: 32,359,329 shares (exceeding the lower limit of planned acquisition volume of 25,285,200 shares)
- Tender Offer Price: 3,105 yen per common share
- Voting Rights Ownership Ratio (After Tender Offer): 71.69%
AI要約
Overview of Tender Offer Results and Change of Parent Company
Caron Holdings Co., Ltd. conducted a tender offer for the common shares of Mandom Corporation from September 26, 2025 to February 25, 2026. The number of shares tendered totaled 32,359,329 shares, exceeding the lower limit of the planned acquisition volume of 25,285,200 shares, thus the tender offer was established. Consequently, as of March 4, 2026, Caron Holdings Co., Ltd. is expected to become the parent company and the largest major shareholder of our company, with the voting rights ownership ratio reaching 71.69%.
Future Outlook and Squeeze-Out Procedures
Following the tender offer, Caron Holdings Co., Ltd. plans to carry out squeeze-out procedures aimed at privatizing the company’s shares. Accordingly, the shares of the company will be delisted from the Tokyo Stock Exchange Prime Market in accordance with its delisting criteria and prescribed procedures. After delisting, the company’s shares will no longer be tradable. Specific details and timing of these procedures will be promptly disclosed upon determination after consultation with the tender offeror.
