Kanematsu (8020) · InitiativeAchieved
Making Kanematsu Electronics Ltd. a Wholly Owned Subsidiary Through a Tender Offer
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
2entries
1years
0from disclosures
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Same theme, other companies
Making a company a wholly owned subsidiary and delisting through a tender offerA theme 37 companies write about · 0 as a headwind · 21 as a tailwind
10 other companies' latest entry also says "Achieved".
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Showing 14 of the 37 companies compared. The sentences above are computed from all 37.Full recordFilings, disclosures and news, newest first
- FY2023AchievedAnnual report
「As the share cash-out demand became effective, the Company acquired all shares of Kanematsu Electronics Corporation on 9 May 2023, and Kanematsu Electronics Corporation became a wholly owned subsidiary of the Company.」
Following the tender offer and the share cash-out demand, the Company acquired all shares of Kanematsu Electronics and completed the process of making it a wholly owned subsidiary. - FY2023-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 27 January 2023, the Company resolved to acquire the common shares of its consolidated subsidiary Kanematsu Electronics Corporation (hereinafter, “KEL”) through a tender offer under the Financial Instruments and Exchange Act (hereinafter, the “KEL Tender Offer”).」
The Company resolved to conduct a tender offer for all KEL shares to make KEL a wholly owned subsidiary. The offer ran from 30 January to 13 March 2023, with a planned purchase of 12,065,933 shares at ¥6,200 per share and total consideration of approximately ¥74.8 billion. The Company aims to enhance the corporate value of its ICT business and DX and advanced technology operations through cooperation with KEL and the mutual use of management resources.