SANKEI REAL ESTATE Inc.
Notice Regarding the Tender Offer by City Index Fifth for SANKEI REAL ESTATE Investment Trust
INTEL Group, which is conducting the tender offer, announces its plan to acquire all units of this REIT and delist it. The offer price is 125,000 yen per unit, the period is from 2026/9/28 to 2026/11/10, and the minimum number of units to be acquired is 118,732. The Special Committee has established measures to ensure fairness and expresses support, while leaving the decision to investors. The summary also describes forthcoming procedures, such as considerations on structural requirements and timing of squeeze-out procedures.
Key Figures
- Acquisition price: 125,000 yen
- Offer period: September 28, 2026〜November 10, 2026
- Minimum number of shares to be acquired: 118,732 shares
AI要約
Overview of this Tender Offer
The offeror states its plan to acquire all units of SANKEI REAL ESTATE Inc. to delist the REIT. The offer price is 125,000 yen per unit, the offer period is from September 28, 2026 to November 10, 2026 (30 business days), and the minimum number of units to be acquired is 118,732. The total holdings by related parties amount to 29.90%, and the background to the minimum setting is to ensure control over the process.
Fairness, Governance, and Future Policy
The REIT has established an independent Special Committee and has appointed Mizuho Securities as Financial Advisor and Nagashima Ohno & Tsuno as Legal Advisor. The Committee carries out fairness measures and adopts a favorable stance, but acceptance of the offer is left to the investors. After the offer succeeds, the company will consider squeeze-out procedures, and there is a possibility of delisting from the market.
SANKEI REAL ESTATE Inc.
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