Making D.A.コンソーシアムホールディングス a Wholly Owned Subsidiary (Tender Offer)
First written in FY2019-Q1. 1 of 3 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2019-Q3.
9 other companies' latest entry also says "Achieved".
- FY2019-Q3AchievedAnnual report
「Business combination date: 26 September 2018 Acquisition through tender offer: 31 October 2018 Acquisition through demand for sale of shares (5) Ownership ratio of the subsidiary’s shares after the additional acquisition: 100%」
The company completed the acquisitions through the tender offer and the demand for sale of shares, achieving wholly owned subsidiary status for D.A. Consortium Holdings with a 100% ownership ratio on 31 October 2018. - FY2019-Q2AdvancedAnnual report
「Business combination date: 26 September 2018. Ownership ratio of the subsidiary’s shares after the additional acquisition: 97.02%. Consideration for acquisition: cash of ¥104,210 million; acquisition cost: ¥104,210 million.」
The company additionally acquired shares held by non-controlling shareholders of D.A. Consortium Holdings on 26 September 2018, raising its ownership ratio to 97.02%. This represented additional acquisition, not completion of the process of making the company a wholly owned subsidiary. - FY2019-Q1First statedAnnual report
「At a meeting of the board of directors held on 6 August 2018, the company resolved to conduct this tender offer to acquire all issued shares of D.A. Consortium Holdings Co., Ltd., listed on the Second Section of the Tokyo Stock Exchange (excluding the common shares of the subject company owned by Hakuhodo DY Media Partners Inc. and Hakuhodo Inc. as of 7 August 2018, and the treasury shares owned by the subject company), with the aim of making the subject company a wholly owned subsidiary. Number of shares to be purchased: 30,820,168 shares; ownership ratio before the purchase: 50.54%; ownership ratio after the purchase: 100.00%; purchase consideration: ¥114,034 million.」
The company conducted the tender offer from 7 August to 18 September 2018, setting out for the first time a specific plan to make D.A. Consortium Holdings a wholly owned subsidiary. The purchase price was ¥3,700 per share, with the acquisition funded by a ¥115,000 million credit facility expected from Sumitomo Mitsui Banking Corporation. The stated objectives were to strengthen the group’s digital and technology capabilities, consolidate and centrally manage management resources, and enable agile integrated operations.