KATITAS CO., Ltd.
Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares)
A tender offer will be conducted to acquire the target's shares with the aim of making it a wholly owned subsidiary. Price is 2,000 yen per share with a lower threshold of 1,776,600 shares and no upper limit. Offer period is 35 business days. The target will join the tender offerer group to pursue synergies from business integration. Multiple independent advisors have been appointed and a special committee established to ensure fairness. Final approval requires the target's board of directors.
Key Figures
- Offer Price: 2,000 yen/share
- Planned Number of Shares to be Purchased: 2,709,886 shares
- Offer Period: 2026/10/14〜2026/12/03
AI要約
Overview of the TOB
This transaction aims for KATITAS CO., Ltd. to acquire the shares of Tobu Juhan via a tender offer and make the company a wholly owned subsidiary. The offer price is 2,000 yen per share, the planned number of shares to be purchased is 2,709,886 shares, and the offer period is 35 business days. The lower threshold relative to the target's total voting rights is 1,776,600 shares, and no upper limit is set. The tender offerer group, which operates 153 stores nationwide, intends to advance integrated operations of procurement, renovation, and sales to realize synergies.
Fairness and Consensus Building
Measures to ensure fairness are detailed, including a valuation of the shares by an independent third-party institution (AGS FAS), appointment of independent financial and legal advisors, and establishment of a special committee. The target's board of directors is expected to resolve to recommend shareholders tender their shares, concluding that the transaction will contribute to corporate value enhancement.
KATITAS CO., Ltd.
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