Denka Company Limited
(Correction) Notice Regarding the Correction of the Tender Offer Notification and the Correction of the Public Notice Concerning the Commencement of Tender Offer for Kainos Corporation (Securities Code: 4556)
Denka Company Limited and its wholly owned subsidiary Flowers Co., Ltd. made a partial correction to the announcement regarding the commencement of the tender offer for Kainos Corporation on March 5, 2026.
Key Figures
- Amount equivalent to 10% of the book value of net assets on a standalone basis of the target company: 677,517 thousand yen
- Tender Offer Commencement Date: 2026-02-09
- Date of Submission of Correction Notification: 2026-03-05
AI要約
Details of the Tender Offer Correction
Denka Company Limited and its wholly owned subsidiary Flowers Co., Ltd. commenced a tender offer for common shares of Kainos Corporation on February 9, 2026. Upon receipt of a notification from the Japan Fair Trade Commission, corrections to certain statements in the tender offer notification and the public notice of tender offer commencement were made. Consequently, on March 5, 2026, a correction notification was submitted to the Director of the Kanto Finance Bureau. The correction mainly involved amendments to the articles related to the conditions for withdrawal of the tender offer, with no changes to the tender offer conditions themselves.
Details on Withdrawal Conditions of the Tender Offer
The corrections clarified that if the board of directors of the target company decides, as of the record date preceding the settlement date, to distribute dividends from surplus or acquire treasury stock, or if there are false statements in significant statutory disclosure documents or termination/suspension of important contracts or transactions, the tender offer may be withdrawn. These measures are intended to prevent significant impairment of the target company's asset value.
