On April 9, 2026, MP-2605 Inc. announced changes to the conditions of its tender offer for ordinary shares of Solasto Corporation, setting the lower limit of the number of shares to be acquired at 26,115,700 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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/6197-20260409-03.pdf","jir_short_summary":"On April 9, 2026, MP-2605 Inc. announced changes to the conditions of its tender offer for ordinary shares of Solasto Corporation, setting the lower limit of the number of shares to be acquired at 26,115,700 shares.","jir_summary":"### Overview of Tender Offer and Changes\nMP-2605 Inc. commenced its tender offer for ordinary shares of Solasto Corporation on March 25, 2026, and has now changed some of the offer conditions. The changes include lowering the lower limit of the number of shares planned to be acquired from 28,530,600 shares to 26,115,700 shares and excluding shares held by the employee shareholding association from the acquisition targets. The tender offer is part of an MBO aimed at taking the target shares private.\n\n### Response of the Employee Shareholding Association and Daito Trust Construction Co., Ltd.\nThe target employee shareholding association agreed on April 8, 2026, to continue holding shares under the acquirer's proposed arrangement and decided not to tender approximately 2,321,240 shares (ownership ratio 2.56%) in the tender offer. Daito Trust Construction Co., Ltd. holds 31,805,100 shares subject to the non-tender agreement and has agreed not to tender its shares and to support the agenda for stock consolidation. After the tender offer is completed, squeeze-out procedures and triangular share exchanges will be implemented, with the employee shareholding association, MBK Fund, and Mr. Noda continuing their investment through the acquirer's parent company.","jir_financial_highlights":"Number of Shares Planned to be Acquired (Ordinary Shares): 56,424,284 shares (Decreased from 58,886,124 shares before the change)\nLower Limit of Number of Shares Planned to be Acquired: 26,115,700 shares (Decreased from 28,530,600 shares before the change)\nNumber of Shares Owned by Daito Trust Construction Co., Ltd.: 31,805,100 shares (Ownership ratio 35.12% (after change))","jir_category":"","jir_hashtags":"#SolastoCorporation, #TenderOffer, #MBO, #TOB, #JapaneseStocks","jir_key_figures":"Number of Shares Planned to be Acquired (Ordinary Shares): 56,424,284 shares (after change)\nLower Limit of Number of Shares Planned to be Acquired: 26,115,700 shares (after change)\nNumber of Shares Owned by Target Employee Shareholding Association: 2,321,240 shares (ownership ratio 2.56%)","jir_meta_title":"Change in Tender Offer Conditions for Solasto Corporation, Lower Limit of Shares Planned Set to 26,115,700 (April 9, 2026)","jir_meta_description":"MP-2605 Inc. has changed the tender offer conditions for ordinary shares of Solasto Corporation, setting the lower limit of shares planned to be acquired at 26,115,700. The employee shareholding association supports continued holding, executing this as part of an MBO aimed at privatization.","jir_og_title":"Announcement of Changes to Tender Offer Conditions for Solasto Corporation (April 9, 2026)","jir_og_description":"MP-2605 Inc. has changed the tender offer conditions for Solasto Corporation, announcing a reduction in the lower limit of shares planned to be acquired and the employee shareholding association's agreement to continued holding.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16834,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-39822","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n