The Global Ltd. tender offer
ID: 3271-20260407 ／ Deal data (JSON)
Overview
- Target
- The Global Ltd. (3271)
- Sector
- Real Estate
- Acquirer
- DAITO TRUST CONSTRUCTION CO.,LTD.
- Type
- TOB
- Status
- Closed
- Tender offer filing date
- 2026-04-07 Open on EDINET
Offer terms
| Item | Value | History |
|---|---|---|
| Offer price per common share | ¥1,280 [1] | — |
| Minimum shares | 4,165,600 shares [2] | — |
| Shares tendered | 12,715,775 shares [3] | — |
| Result | Successful [4] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2026-04-03 | 19.9%[5] |
| 1-month simple average closing price | 2026-04-03 | 38.7%[6] |
| 3-month simple average closing price | 2026-04-03 | 36.9%[7] |
| 6-month simple average closing price | 2026-04-03 | 37.2%[8] |
Premiums are as stated in the filings (not recalculated from market prices).
Valuations
| Valuer | Engaged by | Method | Value per share | Discount rate | Perpetual growth rate |
|---|---|---|---|---|---|
| SMBC Nikko Securities Inc. | Acquirer | Comparable companies method | ¥1,012 〜 ¥1,237[9] | — | — |
| SMBC Nikko Securities Inc. | Acquirer | DCF method | ¥948 〜 ¥1,329[10] | — | — |
| SMBC Nikko Securities Inc. | Acquirer | Market price method (市場株価法) | ¥923 〜 ¥935[11] | — | — |
| KPMG FAS Co., Ltd. | Target | DCF method | ¥1,148 〜 ¥1,559[12] | — | — |
| KPMG FAS Co., Ltd. | Target | Market price method (市場株価平均法) | ¥923 〜 ¥1,068[13] | — | — |
Timeline (filings)
| Filing | Date | Filer | docID |
|---|---|---|---|
| Tender Offer Registration Statement | 2026-04-07 | DAITO TRUST CONSTRUCTION CO.,LTD. | S100XWZU |
| Position Statement | 2026-04-07 | The Global Ltd. | S100XXI3 |
| Amended Tender Offer Registration Statement | 2026-04-16 | DAITO TRUST CONSTRUCTION CO.,LTD. | S100XZ87 |
| Tender Offer Report | 2026-05-25 | DAITO TRUST CONSTRUCTION CO.,LTD. | S100Y65M |
Sources
- Tender Offer Registration Statement (S100XWZU) 2026-04-07
Original text (Japanese): 最終的に2026年４月６日付の取締役会決議により、本公開買付価格を1,280円とすることを決定いたしました。
- Tender Offer Registration Statement (S100XWZU) 2026-04-07
Original text (Japanese): 公開買付者は、本公開買付けにおいて買付予定数の下限を4,165,600株(所有割合：14.72％)としており
- Tender Offer Report (S100Y65M) 2026-05-25
Original text (Japanese): 応募株券等の総数( 12,715,775 株)
- Tender Offer Report (S100Y65M) 2026-05-25
Original text (Japanese): 応募株券等の総数( 12,715,775 株)が買付予定数の下限(4,165,600株)以上となりましたので、公開買付開始公告及び公開買付届出書(その後提出された公開買付届出書の訂正届出書により訂正された事項を含みます。)に記載のとおり、応募株券等の全部の買付け等を行います。
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 終値1,068円に対して19.85％
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 過去１ヶ月間の終値単純平均値923円に対して38.68％
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 過去３ヶ月間の終値単純平均値935円に対して36.90％
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 過去６ヶ月間の終値単純平均値933円に対して37.19％
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 類似上場会社比較法：1,012円～1,237円
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): DCF法 ：948円～1,329円
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 市場株価法 ：923円～935円
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): DCF法 ：1,148円から1,559円
- Position Statement (S100XXI3) 2026-04-07
Original text (Japanese): 市場株価平均法：923円から1,068円