This transaction
The acquisitionThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
| Item | Details |
|---|---|
| Transaction name | The acquisition |
| Counterparty name | MTM Capital株式会社 |
| Name of the Subject Company | CHIIKISHINBUNSHA CO.,LTD. |
| Acquisition price | The acquisition consideration and timing have not been specified |
| Voting rights ownership percentage | Before Total voting rights held by the shareholders subject to the second certification: at least 20% by 25 June 2026 → after First stage: within the range in which MTM's standalone ownership ratio of share certificates and other securities remains below 30%; second stage: additional acquisitions that would cause MTM's standalone ownership ratio of share certificates and other securities to exceed 30% |
| Execution Date / Effective Date | The acquisition timing has not been specified |
| Special Committee | The Company has established an independent committee. The number and attributes of its members have not been disclosed |
Items this document does not state (25)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company cited the lack of clarity regarding the acquisition consideration and timing, raising doubts about the proposal's specificity; MTM's serious violations of the procedures set out in the Company's policy for responding to acquisitions; and doubts about the feasibility of the proposal, given the absence of any apparent track record of completing acquisitions of listed companies or enhancing corporate value. The Company also noted suspected violations of the mandatory tender offer rules and the large shareholding reporting system.