Kakaku.com, Inc.
(Amendment) Notice of Statement of Support and Recommendation to Tender in Relation to the Tender Offer for Our Company’s Shares, etc. by Kamgras 1 Co., Ltd.
Repeated price revisions and extensions of the tender offer by Kamgras 1 have occurred, with the current final proposed price adjusted to 3,700 yen. There is no change to the Special Committee's recommendation. The document describes financing plans, possible treasury stock acquisitions and re-investments, and potential extraordinary shareholders' meetings and procedures.
Key Figures
- Tender Offer Price: 3,700 yen
- Tender Offer Period: 134 business days
- Minimum Number of Shares to be Purchased: 34,941,000 shares
AI要約
Overview of the Tender Offer and Changes
A series of amendments to the tender offer for the Company's shares by Kamgras 1 have been made, with the offer price increased to 3,700 yen. The tender offer period is set at 134 business days, and the minimum number of shares to be purchased is 34,941,000 shares. Changes to KDDI price thresholds and the status of conditional offers are also described. The Special Committee stated there is no change to its recommendation and continues to defer the decision to shareholders. Additional amendment filings may be expected depending on future discussions.
Financing and Corporate Restructuring Outlook and Impact on Shareholders
If the tender offer is successful, plans include large-scale financing (up to approximately 225 billion yen), securing funding methods, squeeze-out procedures, and implementation of treasury stock acquisitions, with treatment of shares after delisting also described. The treasury stock acquisition price is being considered around 3,008 yen (in the 3,000 yen range), and adjustments to voting ratio through re-investment are anticipated. These measures may affect shareholder dilution and the capital structure.
Kakaku.com, Inc.
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