Tohoku Steel Co., Ltd.
Notice Regarding TOB by Tohoku Tetsukō Co., Ltd. on Tohoku Special Steel Stock
Acquired at 4,491 yen per share, total of 1,753,204 shares tendered. As a result, the tender offeror's voting rights ratio rises to 57.93%, with the target becoming a consolidated subsidiary of the tender offeror and delisting procedures. The new parent company structure is led by Daido Steel as the principal shareholder.
Key Figures
- Tender price: 4,491 yen/share
- Number of shares tendered: 1,753,204 shares
- Voting rights ratio after change: 57.93%
AI要約
Overview of the TOB
As a result of Daido Steel's tender offer for Tohoku Special Steel, all tendered shares will be acquired, and the target is scheduled to become a consolidated subsidiary of the tender offeror. The tender price is 4,491 yen per share, with 1,753,204 shares acquired. After the tender, the voting rights ratio will be 57.93%, and it is expected to obtain the status of the parent company.
Outlook and procedures
After TOB completion, delisting procedures for Tohoku Special Steel will proceed, and the trading market is expected to move from the Standard Market to delisting. The settlement start date is planned for July 6, 2026, and specific procedures and timing will be disclosed in consideration with the tender offeror.
Tohoku Special Steel Co., Ltd.
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