Kinden Corporation
Notice Regarding the Results of the Public Tender Offer for the Shares of Kodenko Co., Ltd. (Securities Code: 1948) and Related Changes in Subsidiaries
Kinden, the tender offeror, conducted a public tender offer for Kodenko Co., Ltd. shares, and because the total number of tendered shares exceeded the lower limit, all outstanding shares will be purchased. The tender offer began on May 25, with results announced on July 6, and settlement to commence on July 13. The target company's shares are planned to be transferred to a subsidiary of the tender offeror, with delisting under consideration.
Key Figures
- Number of shares in tender offer, etc.: 3,714,499 shares
- Tender offer price: 11,501 yen
- Acquisition value: ¥42,720,000,000
AI要約
Overview of this Public Tender Offer
This public tender offer is a project in which the tender offeror intends to acquire the target company's shares. The number of shares subject to the tender is 3,714,499 shares, which exceeds the lower limit of 1,336,800 shares, leading to the decision to proceed with the tender. The tender price is 11,501 yen per share, and the period runs from May 26 to July 6. The settlement start date is July 13. The target company's shares are planned to transfer to a related company of the tender offeror, and delisting procedures are also under consideration.
Outlook and Impact
After the tender offer, the target company's shares will belong to a related company of the tender offeror, and the impact on future consolidated earnings is under review. The target's financial indicators have shown steady trends in assets, sales, and profits over the past three years, and this change could strengthen business operations through measured integration. On the other hand, there is a possibility of delisting procedures, which could affect liquidity and market valuation of the shares.
Kinden Corporation
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