Mori-Gumi Co., Ltd.
Notice of Commencement of Tender Offer by Asahi Kasei Homes (Mori-Gumi Shares)
Asahi Kasei Homes, the tender offeror, has commenced a TOB to acquire Mori-Gumi shares at 564 yen. The planned number of shares to be purchased is 11,922,100 shares, and the period is from 2026-11-13 to 2027-01-07. Haseko Corporation intends to tender all eligible shares. A squeeze-out procedure is planned after the purchase, with delisting a possible outcome. Mori-Gumi's board resolved to endorse and recommend tendering.
Key Figures
- Offer Price: 564 yen
- Planned Number of Shares to be Purchased: 11,922,100 shares
- Offer Period: 2026-11-13 〜 2027-01-07
- Tender Offeror: Asahi Kasei Homes Corporation
AI要約
Overview of the Tender Offer
Asahi Kasei Homes has decided to commence a tender offer for Mori-Gumi shares, announcing an offer price of 564 yen, a planned purchase of 11,922,100 shares, and an offer period of 35 business days from 2026-11-13 to 2027-01-07. Under the subscription agreement, Haseko Corporation intends to tender all Mori-Gumi shares eligible for this tender offer. The offeror plans to implement squeeze-out procedures after the tender offer, and delisting is noted as a possible outcome.
Background of the Transaction and Safeguards for Fairness
The tender offeror aims to make Mori-Gumi a wholly owned subsidiary to strengthen capital ties and achieve synergies. Mori-Gumi has established an independent special committee and retained external advisors to ensure fairness, and after multiple requests for price increases, it decided to accept the final price of 564 yen. Policies on post-offer organizational restructuring are also described, and measures to ensure fairness have been implemented.
Mori-Gumi Co., Ltd.
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