Tender Offer to Make Kawasaki Kasei Chemicals a Wholly Owned Subsidiary
First written in FY2018-Q3. 1 of 2 entries say "Advanced", first in FY2018. Latest entry: FY2018.
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- FY2018AdvancedAnnual report
「In the Chemicals-related business, we made a decision during the current consolidated fiscal year that will significantly transform the business structure. With 川崎化成工業株式会社, which will become a wholly owned subsidiary, at the core, we will shift the business toward the functional chemicals field.」
The company has stated a policy of shifting its business toward functional chemicals, centered on 川崎化成工業. As of the end of the period, its voting rights ownership ratio was 93.24%, and the process was at the stage following the tender offer for making the company a wholly owned subsidiary. - FY2018-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 7 February 2018, the company resolved to acquire the common shares of its consolidated subsidiary 川崎化成工業㈱ through a tender offer under the Financial Instruments and Exchange Act, with the aim of making the company a wholly owned subsidiary. 川崎化成工業㈱ is hereinafter referred to as the 'Target Company,' and the tender offer as the 'Tender Offer.'」
The Board of Directors resolved to launch a tender offer aimed at making Kawasaki Kasei fully owned. The offer period runs from 8 February to 26 March 2018, with a planned purchase of 19,282,857 shares at ¥340 per share and total purchase consideration of ¥6,556 million. The objective is to strengthen the group's overall capabilities through shared products and joint proposals, an optimized production structure, collaboration in technology development and utility supply.