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M&A and Subsidiary Changes3202Daitobo Co.,Ltd.Materials and Chemicals

Notice Concerning the Continuation of the Policy for Responding to Large-Scale Purchases of the Company's Shares and Other Securities (Takeover Response Policy)

The Board of Directors resolved to make certain revisions to the former takeover defense measures and continue the new takeover response policy, subject to approval at the Annual General Meeting of Shareholders scheduled for 24 June 2024. As of the present date, there has been no notification or proposal concerning a large-scale purchase from any specific third party.

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This transaction

This Plan
TimelineThe spacing between the points is proportional to the actual number of days.46 days from 決議 to 実行.White points represent dates designated as scheduled dates in the document.
Procedures and assumptions
Special Committee独立委員会を設置。委員は3名以上5名以下とし、本プラン導入時は3名を予定。社外取締役、弁護士、税理士、公認会計士、学識経験者、投資銀行業務に精通する者等から選任する。
Conditions Precedent to Execution2024年6月24日開催予定の第204回定時株主総会における本プラン継続議案の承認
This transaction
ItemDetails
Transaction nameThis Plan
Date of board resolution2024年5月9日
Execution Date / Effective Date2024年6月24日開催予定の定時株主総会終結の時を条件として継続予定
Special Committee独立委員会を設置。委員は3名以上5名以下とし、本プラン導入時は3名を予定。社外取締役、弁護士、税理士、公認会計士、学識経験者、投資銀行業務に精通する者等から選任する。
Conditions Precedent to Execution2024年6月24日開催予定の第204回定時株主総会における本プラン継続議案の承認
Items this document does not state (27)
Counterparty nameName of the Subject CompanyBusiness 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 purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateValuation methodologyIndependent valuation institutionManagement structure after acquisition

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The reasons the company gives

The company's own explanation, not something inferred from the numbers.

社会・経済情勢の変化、買収防衛策をめぐる動向や議論、経済産業省の「企業買収における行動指針」を踏まえ、株主が買収提案を判断するための十分な情報と時間を確保し、企業価値と株主共同の利益を確保・向上させるため。

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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.
Notice Concerning the Continuation of the Policy for Responding to Large-Scale Purchases of the Company's Shares and Other Securities (Takeover Response Policy) | Daitobo Co.,Ltd. (3202) timely disclosure | Komori