After Deal 日本語

PALTAC CORPORATION tender offer

ID: 8283-20260512 ／ Deal data (JSON)

Overview

Target
PALTAC CORPORATION (8283)
Sector
Wholesale Trade
Acquirer
MEDIPAL HOLDINGS CORPORATION
Type
TOB
Status
Closed
Tender offer filing date
2026-05-12 Open on EDINET

Offer terms

ItemValueHistory
Offer price per common share ¥6,650 [1] —
Offer period (business days) 41 business days [2] —
Minimum shares 8,676,100 shares [3] —
Shares tendered 24,466,104 shares [4] —
Result Successful [5] —

Premiums (as stated in filings)

BasisAs ofValue
Closing price on the business day before announcement 2026-05-08 42.7%[6]
1-month simple average closing price 2026-05-08 42.1%[7]
3-month simple average closing price 2026-05-08 39.0%[8]
6-month simple average closing price 2026-05-08 38.8%[9]

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
Nomura Securities Co., Ltd. Acquirer Comparable companies method ¥2,877 〜 ¥5,009[10] — —
Nomura Securities Co., Ltd. Acquirer DCF method ¥5,102 〜 ¥8,056[11] — —
Nomura Securities Co., Ltd. Acquirer Market price method (市場株価平均法) ¥4,658 〜 ¥4,791[12] — —
Daiwa Securities Co., Ltd. Target Comparable companies method ¥4,241 〜 ¥5,535[13] — —
Daiwa Securities Co., Ltd. Target DCF method ¥4,950 〜 ¥6,776[14] 7.4% 〜 8.4%[15] 0.5% 〜 1.5%[16]
Daiwa Securities Co., Ltd. Target Market price method (市場株価法) ¥4,659 〜 ¥4,791[17] — —
Plutus Consulting Co., Ltd. Special committee Comparable companies method ¥4,293 〜 ¥5,476[18] — —
Plutus Consulting Co., Ltd. Special committee DCF method ¥4,962 〜 ¥6,765[19] 6.5% 〜 8.7%[20] 0.0%[21]
Plutus Consulting Co., Ltd. Special committee Market price method (市場株価法) ¥4,659 〜 ¥4,791[22] — —

Timeline (filings)

FilingDateFilerdocID
Tender Offer Registration Statement 2026-05-12 MEDIPAL HOLDINGS CORPORATION S100Y33E
Position Statement 2026-05-12 PALTAC CORPORATION S100Y36O
Amended Tender Offer Registration Statement 2026-06-19 MEDIPAL HOLDINGS CORPORATION S100YFJZ
Amended Tender Offer Registration Statement 2026-06-23 MEDIPAL HOLDINGS CORPORATION S100YI39
Tender Offer Report 2026-07-08 MEDIPAL HOLDINGS CORPORATION S100YPIT

Sources

  1. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 本公開買付けにおける対象者株式１株当たりの買付け等の価格（以下「本公開買付価格」といいます。）を6,650円として
  2. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 公開買付期間を41営業日としております
  3. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 公開買付者は、買付予定数の下限を8,676,100株（所有割合：14.27％）としており
  4. Tender Offer Report (S100YPIT) 2026-07-08
    Original text (Japanese): 応募株券等の総数（24,466,104株）が買付予定数の下限（8,676,100株）以上となりました
  5. Tender Offer Report (S100YPIT) 2026-07-08
    Original text (Japanese): 応募株券等の総数（24,466,104株）が買付予定数の下限（8,676,100株）以上となりましたので
  6. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 2026年５月８日の東京証券取引所プライム市場における当社株式の終値4,659円に対して42.73％
  7. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 過去１ヶ月間の終値単純平均値4,679円に対して42.12％
  8. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 過去３ヶ月間の終値単純平均値4,786円に対して38.95％
  9. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 過去６ヶ月間の終値単純平均値4,791円に対して38.80％
  10. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 類似会社比較法：2,877円から5,009円
  11. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): ＤＣＦ法 ：5,102円から8,056円
  12. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 市場株価平均法：4,658円から4,791円
  13. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 類似会社比較法：4,241円から5,535円
  14. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): ＤＣＦ法 ：4,950円から6,776円
  15. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 割引率は加重平均資本コストを用い、7.4％～8.4％を採用しており
  16. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 永久成長率は0.50％～1.50％として
  17. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 市場株価法 ：4,659円から4,791円
  18. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 類似会社比較法：4,293円から5,476円
  19. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): ＤＣＦ法 ：4,962円から6,765円
  20. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 割引率（加重平均資本コスト）は6.5％から8.7％を採用したとのことです
  21. Tender Offer Registration Statement (S100Y33E) 2026-05-12
    Original text (Japanese): 永久成長率０％
  22. Position Statement (S100Y36O) 2026-05-12
    Original text (Japanese): 当社株式の１株当たりの株式価値の範囲を4,659円から4,791円と算定しております。