ITOCHU Corporation
Notice regarding the planned launch of a tender offer for stock of Dentsu Research Institute
A tender offer is being conducted to take the target company's stock private. Offer price is 2,880 yen (as of the final proposal), minimum number of shares to be acquired is over 930,000 shares, and the planned period is 20 business days. As a prerequisite, clearance is required, and the scheme includes a squeeze-out via stock consolidation after the TOB.
Key Figures
- Offer price: 2,880 円
- Minimum number of shares to be acquired: 93,404,000 株
- Offer period: 20 営業日
AI要約
Background and objective
This transaction aims to strengthen inter-company collaboration in the information processing services sector in the Japanese market and to enhance medium- to long-term corporate value by taking the target stock private through a tender offer, thereby establishing a flexible decision-making framework among the three parties (offeror, Dentsu Group, and the target).
Transaction overview and fairness
Based on a tender offer agreement, non-tender agreements, and a shareholders' agreement, the offer price is 2,880 yen, the offer period is 20 business days, the minimum shares are 93,404 shares, and ultimately a squeeze-out procedure including stock consolidation is planned. To ensure fairness, independent committee, fairness opinion, and other procedures are in place, with judgments informed by third-party appraisal opinions.
Itochu Corporation
Company overview · Stock price · Financial data · All IR
