An unprecedented takeover battle has emerged over Kadoya Sesame Mills. As Mitsui, Mitsubishi and the founding family vie over the TOB by investment fund Integral, the TOB period has been extended to 13 November. The article also summarizes the reality of tie-up sales by the company operating Modelpress and some of the corporate insiders’ accounts reported by Shukan Bunshun.
On 29 October, Kadoya Sesame Mills announced that it would extend the period of the share tender offer, or TOB, by investment fund Integral to 13 November. People connected with Mitsui, Mitsubishi and the founding family are reportedly involved in the takeover battle, which is being described as an unprecedentedly large-scale contest.
There have also been reports that materials proposing tie-up sales by the company operating Modelpress have come under scrutiny, drawing attention to industry practices and the authenticity of the materials.
The article also covers the background to reports of an affair involving Nvidia, as reported by US newspapers and other media outlets, and provides an overview of a Shukan Bunshun feature examining corporate insiders’ accounts.
As a digest of the digital edition of Shukan Bunshun, the article covers the acquisition of Kadoya Sesame Mills, a producer of pure sesame oil, and developments in its review framework, as well as executives’ comments and the existence of internal documents.