Kakaku.com, Inc.
Announcement of Agreement with Kamgras1 Inc. on Tender Offer of Our Shares and Recommendation to Apply, including multiple corrections/additional rulings
Withdrawal of the opinion statement regarding Kamgras1 Inc.'s tender offer and neutrality, and ongoing amendments/corrections by the Special Committee related to the background and process of this public tender offer have been repeatedly disclosed. Since May 12 the changes in the chronology, updates to proposals through June and July, and the submission of the Special Committee's opinions and additional rulings are recorded.
Key Figures
- Tender price (applicant): 3,384 yen/share
- Tender price (upon additional changes): 3,232 yen/share (as of May 13 proposal), changes to 3,250–3,300 yen communicated
- Lower bound of tendered shares: 131,805,000 shares (assumptions at the time of this proposal)
AI要約
Background and Current Situation
This IR focuses on the withdrawal and neutralization of the opinion expressing support and recommendation regarding Kakaku.com, Inc.'s shares by Kamgras1 Inc., and on corrections/additions to ensure the conditions of the tender offer and fairness. Since May 12, ongoing discussions and updates to proposals through June and July have led to the Special Committee's rulings/hyper-additional rulings being repeatedly disclosed.
Outlook and Impact on Shareholders
With multiple proposal changes and added matters for the Special Committee's consideration, decisions on whether to continue or withdraw the recommendation to tender vary for shareholders. Assessments of fairness and reasonableness will continue to be revisited, and a comparative evaluation of the applicant's transaction and this transaction is expected. The final judgment will be left to shareholders.
Kakaku.com, Inc.
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