Hokuriku Electric Industry Co.,Ltd.
Notice of Commencement of a Tender Offer for Shares of the Company by BCJ-116 Co., Ltd.
Notice of commencement of a tender offer. The offer price is 4,180 yen per share, the planned number of shares to be purchased is 7,848,927 shares (floor 5,232,600 shares), the period is 2026/11/11–2026/12/23. Settlement start date is 2026/12/30. The effective sponsor is a Bain Capital affiliate aiming to acquire all target shares and take the company private. Possibilities such as share consolidation, sell-out requests, and squeeze-out procedures are also described.
Key Figures
- Offer Price: 4,180 yen
- Number of Shares to be Tendered (Planned): 7,848,927 shares
- Lower Limit of Planned Number: 5,232,600 shares
AI要約
Overview of This Tender Offer
The bidder intends to acquire common shares of Hokuriku Electric Industry Co.,Ltd. with the objective of taking the company private. The offer period is from November 11, 2026 to December 23, 2026 (30 business days). The offer price is 4,180 yen per share, the planned number of shares to be purchased is 7,848,927 shares, with a floor of 5,232,600 shares. The settlement start date is December 30, 2026. Nomura Securities is the tender offer agent.
Policy and Procedures for Corporate Restructuring and Delisting
If the tender offer does not result in acquisition of all shares, the bidder will consider sell-out requests or share consolidation. Sell-out requests are planned to be executed under conditions for a special controlling shareholder, and consolidations are assumed to require a special resolution at a shareholders' meeting. Delisting is a possibility. Procedures such as squeeze-out and odd-lot handling, and provisions for minority shareholder protection are also described.
Hokuriku Electric Industry Co.,Ltd.
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