ITOCHU-SHOKUHIN Co., Ltd.
(Change) Notice Regarding Amendment to Opinion of Support and Recommendation to Tender for the Tender Offer by LLC FMDI, a Subsidiary of the Parent Company Itochu Corporation
As of March 26, 2026, the tender offeror LLC FMDI has concluded tender agreements or tender consents for 1,810,075 shares of our stock (ownership ratio 14.27%) and confirmed no withdrawal of the tender.
Key Figures
- Number of Shares Under Tender Agreements: 1,810,075 shares (as of March 26, 2026)
- Percentage of Shares Under Tender Agreements: 14.27% (as of March 26, 2026)
- Tender Offer Price: ¥13,000
AI要約
Overview of the Tender Offer and Status of Tender Agreement Execution
LLC FMDI, a subsidiary of Itochu Corporation, the parent company, decided on February 25, 2026, to conduct a tender offer for our shares at a price of ¥13,000. As of March 26, 2026, tender agreements or consents have been concluded with multiple shareholders totaling 1,810,075 shares (ownership ratio 14.27%), with confirmation that no withdrawals will be made. This includes key shareholders such as Asahi Breweries, Ltd. (including its retirement benefit trust account) and Mizuho Bank, Ltd.
Background of the Tender Offer and Future Policy
Itochu Corporation aims to privatize our shares to enhance the overall corporate value of the group. After the tender offer is completed, a wide range of options regarding the capital structure and operational system of the privatized company will be examined. Additionally, the tender offeror has indicated that even if the tender offer does not succeed, they intend to conduct squeeze-out procedures, making the tender offeror the sole shareholder of the company.
