Sharingtechnology, Inc.
Notice of the Commencement of a Public Takeover Bid for Sharing Technology Co., Ltd. (Securities Code: 3989)
The acquirer MP-2606 intends to acquire all shares of Sharing Technology Co., Ltd. and the accompanying stock acquisition rights through a tender offer under the Financial Instruments and Exchange Act, at a tender offer price of 1,550 yen per ordinary share. The offer period is from 2026/09/10 to 2026/10/27, with a target number of shares to be acquired of 25,211,268 and a minimum of 16,030,200 shares. The treatment of stock acquisition rights is also specified, with the aim of making the target fully-owned subsidiary.
Key Figures
- 25,211,268 shares: Tendered ordinary shares
- 16,030,200 shares: Minimum number of tendered shares
- 1,550 yen: Tender offer price (ordinary shares)
AI要約
Overview
This tender offer aims for MP-2606 Co., Ltd. to acquire Sharing Technology Co., Ltd.'s shares and the accompanying stock acquisition rights, making the target a wholly owned subsidiary of the offeror. The offer period runs from September 10, 2026 to October 27, 2026, with a tender price of 1,550 yen per ordinary share. The target number of shares to be acquired is 25,211,268, with a minimum of 16,030,200 shares. The treatment of stock acquisition rights is specified, and performance-related conditions are noted as part of the terms.
Tender structure and conditions
The acquirer holds a large stake via MBK Fund, and related shareholders through AVI, among others, plan to participate in the tender. If the minimum tendered shares are not met, the tender will not proceed, but the goal is to acquire all shares and stock acquisition rights to achieve full ownership. Some stock acquisition rights vest upon achieving performance targets, but those conditions may be difficult to satisfy at present. Settlement begins on November 4, 2026.
MP-2606 Co., Ltd.
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