ITOCHU Corporation
Notice Regarding Tender Offer (Dentsu Research Institute)
Tender offer launched at an offer price of 2,880 yen, minimum number of shares to be purchased set at 9,340,400 shares, period is 21 business days (subject to extension). The series of procedures aims to privatize the target and change the shareholder composition. The target has obtained a fairness opinion, and fairness measures to ensure shareholders' opportunity to make informed decisions are described.
Key Figures
- Offer Price: 2,880 yen
- Minimum Number of Shares to be Purchased: 9,340,400 shares
- Total Purchase Consideration: 215,172,587,520 yen
AI要約
Overview of the TOB
ITOCHU Corporation group established LLC VIC and is conducting a tender offer for shares of Dentsu Research Institute. The offer price is 2,880 yen, the offer period is 21 business days, and the minimum number of shares to be purchased is 9,340,400 shares. The tender offer aims to privatize the target and limit shareholders to the Dentsu Group and the offeror.
Fairness and Valuation
Independent entities such as Goldman Sachs, Plutus, and Nishimura & Asahi provided valuation and fairness opinions on the share value. The fairness opinions support the fairness of the offer price. An independent committee carefully deliberated on advisory matters and implemented various procedures to ensure fairness and appropriateness.
ITOCHU Corporation
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