INFRONEER Holdings Inc.
Notice Regarding the Result of the Tender Offer for Mitsui Sumitomo Construction Co., Ltd. Shares of Mitsui Sumiken Road Co., Ltd. (Securities Code 1776) by Subsidiary of Infronia Holdings Corporation (Mitsui Sumitomo Construction Co., Ltd.)
Mitsui Sumitomo Construction Co., Ltd. conducted a tender offer for 3,867,498 shares of Mitsui Sumiken Road Co., Ltd. at 2,000 yen per share. The post-offer voting rights ownership ratio reached 95.38%, and a squeeze-out procedure is planned.
Key Figures
- Number of Shares Tendered: 3,867,498 shares (total number of tendered shares)
- Tender Price: 2,000 yen per share
- Voting Rights Ownership Ratio After Tender: 95.38% (53.70% before tender)
AI要約
Overview of the Tender Offer
Based on the board resolution on March 9, 2026, Mitsui Sumitomo Construction Co., Ltd. decided to acquire common shares of Mitsui Sumiken Road Co., Ltd. through a tender offer under the Financial Instruments and Exchange Act and conducted the offer from March 10 to April 21, 2026. The lower limit of shares planned for purchase was 1,203,500 shares with no upper limit set, and the total number of shares tendered was 3,867,498 shares. The tender price was 2,000 yen per share, and since the number of shares tendered exceeded the lower limit, all tendered shares were purchased.
Post-Tender Situation and Future Policy
Following the tender offer, Mitsui Sumitomo Construction’s voting rights ownership reached 88,489 units (95.38%), a significant increase compared to the total voting rights of 92,688 units held by the target company's shareholders. Going forward, the tender offeror plans to carry out a squeeze-out procedure to make the tender offeror the sole shareholder of the target. The shares of the target company are expected to be delisted from the Tokyo Stock Exchange Standard Market. After delisting, market trading of the target company’s shares will no longer be possible.
Infronia Holdings Corporation
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