Tsubame City, Niigata Prefecture, issued a statement opposing the tender offer under which ジャパネットHD would acquire ツインバード. Tsubame City is reportedly believed to have determined that the acquisition could not be recognized as contributing to an increase in corporate value.
Tsubame City opposed the tender offer (TOB) by ジャパネットホールディングス for the shares of ツインバード. The article cites Tsubame City's view as grounds for questioning the suitability of the tender offer.
Going forward, consideration of Tsubame City's opposition and explanations to the parties concerned are expected to be key issues, and could affect the completion of the tender offer and the subsequent integration process.