LY Corporation
Notice regarding the planned start of the public tender offer (progress disclosure)
The tender offeror raises the tender offer price for Kakaku.com to 3,597 yen, with plans to commence promptly after conditions are satisfied. Depending on the terms of the non-participation agreement with KDDI, the price may rise to 3,720 yen. All clearances have been completed. Going forward, the offer will commence once the target’s consent and the board of directors' resolution are obtained.
Key Figures
- This tender offer price: 3,597 yen (however, if a non-participation agreement with KDDI is concluded, 3,720 yen)
- Clearance: All completed
- Start timing: Undetermined (pending fulfillment of Tender Condition ④, awaiting target’s supportive opinion and resolution by the board)
AI要約
Overview
This tender offer is a public tender by Bain Capital and LINE Yahoo for Kakaku.com, targeting the target's ordinary shares and stock acquisition rights. The tender offer price has been raised to 3,597 yen (3,720 yen if a non-participation agreement with KDDI is established), and all clearances have been completed. The tender will commence promptly after the target’s supportive opinion and the board of directors’ resolution approving shareholders’ solicitation are obtained.
Prospective developments and impact
Going forward, the tender offer will commence once the target’s supportive opinion is expressed and a resolution encouraging shareholders to participate is obtained. Considering the extension of the Kamgras 1 tender offer period, the start date is uncertain, but since clearance is complete, it is expected to be implemented promptly once conditions are met.
LINE Yahoo Corporation
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