Worth reading
64In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
5610751
sharesWording
Definitive
How definitive the wording is.This transaction
This tender offerDisclosing companySEIBU HOLDINGS INC.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Type of ConsiderationCash
Tender offer price¥4,858 per common share; ¥1,942,800 per Series 5 stock acquisition right; ¥485,700 per Series 6 stock acquisition right; and ¥485,700 per Series 7 stock acquisition right
Minimum number of shares to be purchased4,105,200 shares
Tender offer periodFrom 1 April 2026 to 18 May 2026 (30 business days)
Procedures and assumptions
Conditions Precedent to ExecutionThe total number of tendered share certificates, etc. must be at least the minimum number of shares to be purchased, 4,105,200 shares. As the actual number of tenders reached the minimum, all tendered share certificates, etc. will be purchased.
Management structure after acquisitionThe policy following the tender offer and other matters, as well as the outlook, remain unchanged from the announcement commencing the tender offer dated 31 March 2026. Procedures to acquire all shares of the target company are planned, and if those procedures are completed, the target company's shares are expected to be delisted.
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Name of the Subject Company | e'grand Co.,Ltd |
| Type of Consideration | Cash |
| Tender offer price | ¥4,858 per common share; ¥1,942,800 per Series 5 stock acquisition right; ¥485,700 per Series 6 stock acquisition right; and ¥485,700 per Series 7 stock acquisition right |
| Minimum number of shares to be purchased | 4,105,200 shares |
| Tender offer period | From 1 April 2026 to 18 May 2026 (30 business days) |
| Number of shares acquired | 5,610,751 shares equivalent and 56,107 voting rights equivalent (5,549,551 common shares and 61,200 shares equivalent from stock acquisition rights) |
| Voting rights ownership percentage | Before —% (tender offeror), 24.34% (special related parties) → after 90.86% (tender offeror), 0.06% (special related parties) |
| Date of board resolution | 31 March 2026 |
| Execution Date / Effective Date | 25 May 2026 (settlement commencement date) |
| Conditions Precedent to Execution | The total number of tendered share certificates, etc. must be at least the minimum number of shares to be purchased, 4,105,200 shares. As the actual number of tenders reached the minimum, all tendered share certificates, etc. will be purchased. |
| Management structure after acquisition | The policy following the tender offer and other matters, as well as the outlook, remain unchanged from the announcement commencing the tender offer dated 31 March 2026. Procedures to acquire all shares of the target company are planned, and if those procedures are completed, the target company's shares are expected to be delisted. |
Items this document does not state (20)
Counterparty nameBusiness 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 priceMerger ratio/share exchange ratioFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateValuation methodologyIndependent valuation institutionSpecial Committee
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.This document reports the results of the tender offer and does not state the reason for carrying out the transaction. The policy following the tender offer and other matters remain unchanged from the announcement commencing the tender offer dated 31 March 2026.
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.