Worth reading
65In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
9
Business days (extension of the tender offer period)Wording
Definitive
How definitive the wording is.This transaction
This tender offerCounterpartyKADOYA SESAME MILLS INCORPORATED, 小澤物産株式会社, 小澤商事株式会社, Ozawa Kazuhiko (小澤一彦)
Disclosing companyKADOYA SESAME MILLS INCORPORATED
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Tender offer period15 September 2026 (Tuesday) to 13 November 2026 (Friday) (39 business days)
Procedures and assumptions
Special CommitteeEstablished. No change to the substance of the recommendation as of 28 October 2026. Number and attributes of members: Not disclosed
Management structure after acquisitionThe transaction is intended to take the target company private. Corporate name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | KADOYA SESAME MILLS INCORPORATED, 小澤物産株式会社, 小澤商事株式会社, Ozawa Kazuhiko (小澤一彦) |
| Name of the Subject Company | KADOYA SESAME MILLS INCORPORATED |
| Tender offer period | 15 September 2026 (Tuesday) to 13 November 2026 (Friday) (39 business days) |
| Number of shares acquired | All shares of the target company, excluding treasury shares held by the target company and shares subject to non-tendering (number of shares and voting rights: Not disclosed) |
| Date of board resolution | 14 September 2026 (date on which the decision to conduct this tender offer was made; whether a board resolution was adopted: Not disclosed) |
| Contract Date | 14 September 2026 (tender offer agreement with the target company and agreement regarding this transaction with the founding-family shareholders) |
| Execution Date / Effective Date | 20 November 2026 (Friday) (settlement commencement date) |
| Special Committee | Established. No change to the substance of the recommendation as of 28 October 2026. Number and attributes of members: Not disclosed |
| Management structure after acquisition | The transaction is intended to take the target company private. Corporate name, representative and treatment of employees: Not disclosed |
Items this document does not state (22)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceValuation methodologyIndependent valuation institutionConditions Precedent to Execution
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 target company announced that it had received a legally binding proposal from Candidate C, a fund participating in the process to consider acquisition proposals, regarding taking the company private through the tender offer and a subsequent squeeze-out. As a result, it became necessary to file an amended tender offer registration statement, and the tender offer period was extended pursuant to applicable laws and regulations.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.