Art Vivant Co., Ltd.
Notice on Implementation of MBO and Recommendation for Tender Offer
Largest news: tender offer price is 1,900 yen per ordinary share, minimum of 3,845,584 shares, period from 2026/7/13 to 2026/8/25. Within an MBO framework aimed at delisting, there is an agreement not to tender some shares held by Mr. Nozawa and Mr. Maki.
Key Figures
- Tender offer price: 1,900 yen
- Minimum number of shares to be tendered: 3,845,584 shares
- Tender period: 2026-07-13 to 2026-08-25
AI要約
Overview of this transaction
ARVIVAN is conducting an MBO by the tender offeror Orsay to acquire its shares and delist. The tender period is from July 13, 2026 to August 25, 2026, and the tender price is 1,900 yen per share. The minimum number of shares to be tendered is 3,845,584. After the tender succeeds, the company aims to delist through organizational restructuring, share consolidation, and share exchange.
Background and decision-making process
Mr. Nozawa proposed the MBO to expand the business while maintaining his control. Based on past proposals and negotiations, a Special Committee was established to ensure fairness. Based on evaluations by a third-party appraisal firm Streams, the tender offer price is deemed reasonable.
ARVIVAN Co., Ltd.
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