ツインバード President Nomizu Shigeaki (野水 重明) of Tsubame City told The Niigata Nippo why he rejected the tender offer proposal from ジャパネットホールディングス and disclosed that the home-appliance retailers had indicated that they would suspend transactions.
ツインバード President Nomizu said that the company had rejected the tender offer proposal from ジャパネットホールディングス. The inability to rationally demonstrate synergies was cited as a factor behind the decision. The president's views were the main focus of reports on the significance of the tender offer itself and its specific impact.
President Nomizu said that, amid developments since June, the home-appliance retailers had indicated that they would suspend transactions if the tender offer was accepted. He pointed out that this intention could affect relationships between the company and its retailers.
It was explained that there had been moves to prepare agreements to suspend transactions, and multiple parties concerned are now watching for further reports on the response to the proposal and future developments. ツインバード ultimately chose an independent path.
ツインバード's decision highlights the background surrounding ジャパネットホールディングス' tender offer proposal and the response from mass retailers.