Furukawa Electric Co., Ltd.
Notice of Transfer of Subsidiary Shares
In connection with the tender offer by AP78 Co., Ltd. for the common shares of Furukawa Battery Co., Ltd., Furukawa Electric Co., Ltd. has completed the transfer of all 18,781,200 shares it owns.
Key Figures
- Offeror: AP78 Co., Ltd.
- Target Company: Furukawa Battery Co., Ltd. (Securities Code: Unknown)
- Purchase Price: Unknown
- Number of Shares Acquired: Unknown
- Change in Ownership Ratio: Unknown → Unknown
- Purchase Period: Unknown
- Purpose of TOB: To consolidate Furukawa Battery’s shareholder composition to only Furukawa Electric Co., Ltd. and the offeror
AI要約
Overview of the Tender Offer
The offeror is AP78 Co., Ltd., and the target company is Furukawa Battery Co., Ltd. (a consolidated subsidiary of Furukawa Electric Co., Ltd.). The tender offer was made for the common shares of Furukawa Battery, and Furukawa Electric Co., Ltd. decided not to tender in this offer. The purchase price, number of shares to be purchased, and purchase period are unknown as they are not stated in the PDF.
Purpose and Future Outlook
Upon completion of this tender offer, a share consolidation will be conducted to have only Furukawa Electric Co., Ltd. and the offeror as shareholders of Furukawa Battery. Conditional on the effectiveness of this consolidation, Furukawa Battery will acquire treasury stock and Furukawa Electric Co., Ltd. will transfer all 18,781,200 shares it owns. This is expected to streamline the ownership structure of Furukawa Battery.
