IKUYO, an automotive parts manufacturer, announced that it would conduct a tender offer for automotive-products maker MURAKI. The offer is valued at approximately ¥1.459 billion, with IKUYO aiming to raise its ownership ratio to a maximum of 50.13% and acquire control by making MURAKI a subsidiary.
On the 26th, IKUYO announced that it would conduct a tender offer for MURAKI. The offer price is ¥3,000 per share, and it aims to acquire up to 486,300 shares.
Through the tender offer, IKUYO intends to raise its ownership ratio in MURAKI from the current 17.01% to a maximum of 50.13%, make MURAKI a consolidated subsidiary and acquire control.
The total purchase value is expected to be approximately ¥1.459 billion, and MURAKI has not supported the tender offer at this time.