After Deal 日本語

Satudora Holdings Co., Ltd. tender offer

ID: 3544-20260622 ／ Deal data (JSON)

Overview

Target
Satudora Holdings Co., Ltd. (3544)
Sector
Retail Trade
Acquirer
Terra Co., Ltd.
Type
MBO
Status
Closed
Tender offer filing date
2026-06-22 Open on EDINET

Offer terms

ItemValueHistory
Offer price per common share ¥1,260 [1] ¥1,220[2] → ¥1,260[1]
Offer period start 2026-06-22 [3] —
Offer period end 2026-08-03 [3] —
Offer period (business days) 30 business days [3] —
Minimum shares 4,165,800 shares [4] —
Shares tendered 7,290,251 shares [5] —
Result Successful [6] —
MBO Yes [7] —

Premiums (as stated in filings)

BasisAs ofValue
Closing price on the business day before announcement 2026-06-18 50.5%[8]
1-month simple average closing price 2026-06-18 52.2%[9]
3-month simple average closing price 2026-06-18 48.6%[10]
6-month simple average closing price 2026-06-18 48.6%[11]

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
Plutus Consulting Co., Ltd. Target DCF method ¥1,070 〜 ¥1,450[12] 4.7% 〜 5.6%[13] —
Plutus Consulting Co., Ltd. Target Market price method (市場株価法) ¥828 〜 ¥848[14] — —

Revisions and inconsistencies

Timeline (filings)

FilingDateFilerdocID
Tender Offer Registration Statement 2026-06-22 Terra Co., Ltd. S100YGLD
Position Statement 2026-06-22 Satudora Holdings Co., Ltd. S100YGRU
Amended Tender Offer Registration Statement 2026-07-17 Terra Co., Ltd. S100YR8H
Amended Position Statement 2026-07-17 Satudora Holdings Co., Ltd. S100YR8Q
Tender Offer Report 2026-08-04 Terra Co., Ltd. S100YU25

Sources

  1. Amended Tender Offer Registration Statement (S100YR8H) 2026-07-17
    Original text (Japanese): 買付け等の価格 普通株式１株につき、金1,260円
  2. Tender Offer Registration Statement (S100YGLD) 2026-06-22
    Original text (Japanese): 対象者株式１株当たりの買付け等の価格(1,220円。以下「本公開買付価格」といいます。)
  3. Amended Tender Offer Registration Statement (S100YR8H) 2026-07-17
    Original text (Japanese): 2026年６月22日(月曜日)から2026年８月３日(月曜日)まで(30営業日)
  4. Tender Offer Registration Statement (S100YGLD) 2026-06-22
    Original text (Japanese): 公開買付者は、買付予定数の下限を4,165,800株(所有割合：30.23％)と設定しており
  5. Tender Offer Report (S100YU25) 2026-08-04
    Original text (Japanese): 応募株券等の数の合計(7,290,251株)
  6. Tender Offer Report (S100YU25) 2026-08-04
    Original text (Japanese): 応募株券等の数の合計(7,290,251株)が買付予定数の下限(4,165,800株)以上となりましたので
  7. Tender Offer Registration Statement (S100YGLD) 2026-06-22
    Original text (Japanese): 本取引はいわゆるマネジメント・バイアウト(ＭＢＯ)(注３)に該当し
  8. Amended Position Statement (S100YR8Q) 2026-07-17
    Original text (Japanese): 2026年６月18日の当社株式の終値837円に対して50.54％
  9. Amended Position Statement (S100YR8Q) 2026-07-17
    Original text (Japanese): 直前営業日までの過去１ヶ月の平均終値828円に対して52.17％
  10. Amended Position Statement (S100YR8Q) 2026-07-17
    Original text (Japanese): 直前営業日までの過去３ヶ月の平均終値848円に対して48.58％
  11. Amended Position Statement (S100YR8Q) 2026-07-17
    Original text (Japanese): 直前営業日までの過去６ヶ月の平均終値848円に対して48.58％
  12. Position Statement (S100YGRU) 2026-06-22
    Original text (Japanese): 当社株式の１株当たりの株式価値の範囲を1,070円から1,450円と算定しております。
  13. Position Statement (S100YGRU) 2026-06-22
    Original text (Japanese): 割引率は加重平均資本コストを採用し、4.7％から5.6％を使用しております。
  14. Position Statement (S100YGRU) 2026-06-22
    Original text (Japanese): 当社株式の１株当たりの株式価値の範囲を828円から848円までと算定しております。