Asahi Kasei Corporation
Notice of Commencement of Tender Offer for Shares of Asahi Kasei Homes
Announcement of commencement of a tender offer. Asahi Kasei Homes will acquire Morigumi shares at 564 yen aiming for full subsidiary status. Offer period is 2026/11/13–2027/1/7, lower limit of 11,922,100 shares, no upper limit. Target company has expressed support and recommendation to tender. Haseko Corporation plans to tender all shares it holds. Post-offer corporate reorganizations and squeeze-out procedures are also planned.
Key Figures
- Offer Price: 564 yen
- Offer Period: 2026-11-13〜2027-01-07 (35 business days)
- Number of Shares to be Tendered (Lower Limit): 11,922,100 shares
AI要約
M&A Overview
Asahi Kasei Homes has resolved to acquire the common shares of the target company, Morigumi Co., Ltd., through a tender offer under the Financial Instruments and Exchange Act, with the aim of making the target a wholly owned subsidiary. The offer price is 564 yen per share, and the offer period is scheduled from November 13, 2026 to January 7, 2027 (35 business days). The lower limit of the planned number of shares to be tendered is 11,922,100 shares, and no upper limit is set. The target company has expressed its intention to support and recommend tendering to its shareholders. Haseko Corporation also plans to tender all 2,624,000 shares it holds in the target to this tender offer.
Post-Offer Policy and Fairness Measures
If the tender offer is successful, the acquirer plans to carry out corporate reorganization (squeeze-out) to make the target a wholly owned subsidiary. Fairness assurance measures include a valuation of the shares by an independent third-party appraisal institution, establishment of an independent special committee, involvement of legal advisors, and an application agreement with Haseko Corporation. Procedures in line with M&A guidelines and the setting of MoM conditions are designed to protect the interests of minority shareholders.
Asahi Kasei Corporation
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