Art Vivant Co., Ltd.
Notice Regarding the Start of Public Tender Offer for ARIVAN Co., Ltd. Shares by Orsay Co., Ltd.
Orsay Co., Ltd. has decided to acquire ARIVAN shares by means of a public tender offer (TOB). Purchase price is 1,900 yen per share, tender period is from 2026/07/13 to 2026/08/25, planned number of shares to be tendered is 5,978,487 shares, with a minimum of 3,845,584 shares. Public Tender Offer Agent is Mizuho Securities, with Rakuten Securities named as the sub-agent. Settlement start date is 2026/09/01. Details include information on major shareholders’ ownership, existing agreements, and handling of restricted shares, among other provisions.
Key Figures
- Purchase price: 1,900 yen
- Number of shares to be tendered: 5,978,487 shares
- Lower limit of tendered shares: 3,845,584 shares
AI要約
Overview
This is an announcement of the start of a public tender offer for ARIVAN shares by Orsay, conducted as part of a management buyout (MBO) aimed at taking the target company private through share acquisition. The tender price is 1,900 yen per share, the tender period lasts about one month, and the scale is expected to be about 5,978,487 shares. The Public Tender Offer Agent is Mizuho Securities, with Rakuten Securities designated as sub-agent. Settlement is scheduled to start on September 1, 2026.
Shareholder Structure / Conditions
The document outlines why the previous TOB failed, detailing relationships with major shareholders Hiroshi Makino and Katsuko Corporation and their shareholdings. This tender will target the shares of major shareholders and the top shareholder, excluding Nakazawa’s holdings (excluding shares subject to this non-submission agreement). It also hints at conditional handling including approvals for organizational restructuring.
ARVIVAN Co., Ltd.
Company overview · Stock price · Financial data · All IR
