Tender Offer for the Privatization of Tatsuta Electric Wire and Cable
First written in FY2023-Q3. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2025.
10 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「In addition, the tender offer for タツタ電線株式会社 was completed in August 2024, making the company a subsidiary of JX Advanced Metals, and it became a wholly owned subsidiary in November of the same year.」
The tender offer to make タツタ電線 a wholly owned subsidiary was completed, reaching full-subsidiary status in November 2024. - FY2025-H1AdvancedAnnual report
「In addition, the tender offer for タツタ電線株式会社 was completed in August 2024, and the company became a subsidiary of JX Advanced Metals Corporation (hereinafter, “JX Advanced Metals”).」
The tender offer to make タツタ電線 a wholly owned subsidiary was completed in August 2024, and the process advanced to the stage at which it became a subsidiary of JX Advanced Metals. - FY2024AdvancedAnnual report
「On 11 June 2024, clearance was obtained from the Chinese competition authorities. As all conditions precedent to the tender offer, including this clearance, had been satisfied, it was decided that the tender offer would commence on 21 June of the same year.」
The process of making タツタ電線 a wholly owned subsidiary proceeded to the decision to commence the tender offer on 21 June 2024, following clearance under Chinese competition law. - FY2023-Q3First statedAnnual report
「At meetings of their respective boards of directors held on 21 December 2022, the Company and its metal segment subsidiary JX Advanced Metals Corporation (hereinafter, “JX Advanced Metals”) resolved to conduct a tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended) as part of a transaction to enable JX Advanced Metals to acquire all of the common shares of タツタ電線株式会社 (hereinafter, “タツタ電線”), an equity-method affiliate in which it holds a 37.0% ownership interest (note), excluding the shares of タツタ電線 directly held by JX Advanced Metals and treasury shares held by タツタ電線, thereby making タツタ電線 a wholly owned subsidiary.」
JX Advanced Metals resolved to launch a tender offer to make its equity-method affiliate タツタ電線 a wholly owned subsidiary. The offer price was ¥720 per share, the planned purchase volume was 39,041,947 shares and the purchase consideration was approximately ¥28.1 billion. The offer was targeted to commence in June 2023, although the detailed schedule had not been determined because of competition-law procedures and other matters.