ITOCHU Corporation
Notice Regarding Changes to “Announcement of Commencement of Tender Offer for Shares of Itochu Shokuhin Co., Ltd. (Securities Code: 2692)”
Itochu Corporation and FMDI LLC are conducting a tender offer for shares of Itochu Shokuhin Co., Ltd., and as of March 26, 2026, have secured application contracts and consents for 1,810,075 shares, representing 14.27%.
Key Figures
- Tender Offer Price: ¥13,000
- Number of Shares under Application Contracts: 1,810,075 shares
- Percentage of Shares under Application Contracts: 14.27%
AI要約
Overview of the Tender Offer and Status of Application Contracts
Itochu Corporation and FMDI LLC commenced a tender offer for shares of Itochu Shokuhin Co., Ltd. on February 26, 2026, setting the tender offer price at ¥13,000. As of March 26, 2026, they have executed application contracts with multiple major shareholders and related shareholders, securing application contracts and consents totaling 1,810,075 shares (14.27%). This exceeds the planned minimum purchase amount of 1,801,900 shares (14.20%).
Purpose of This Tender Offer and Future Policy
Itochu Corporation judges that privatizing Itochu Shokuhin Co., Ltd. by limiting shareholders to the tender offerors will contribute to enhancing corporate value across the group. After the tender offer’s completion, Itochu Corporation plans to consider a wide range of options regarding the capital structure and operational framework of the privatized target company. The future shareholding ratio and capital structure remain undecided. The application contracts also include agreements by shareholders not to perform actions contrary to the tender offerors’ intentions regarding exercise of shareholder rights.
