Tender offer · TOB · Closed
ICHIKEN Co., Ltd.1847
Acquirer: Maruhan Corporation · Sector: Construction · Tender offer filing date: 2025-05-21 · Open on EDINET · Deal data (JSON)
Deal characteristics
- Category
- Partial offer (stays listed) [3]
- Acquirer type
- Parent / existing major shareholder[4]
- Auction (chosen from several bidders)
- Not stated
- Competing proposal
- Not stated
- Special committee
- Not stated
- Valuer engaged by the special committee
- Not stated
- Fairness opinion
- Not stated
Offer terms
| Item | Value | History |
|---|---|---|
| Offer price per common share | ¥3,500 [1] | — |
| Offer period start | 2025-05-21 [5] | — |
| Offer period end | 2025-06-24 [5] | — |
| Maximum shares | 560,800 shares [6] | — |
| Shares tendered | 1,570,458 shares [7] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2025-05-19 | 20.0%[2] |
| 1-month simple average closing price | 2025-05-19 | 25.6%[8] |
| 3-month simple average closing price | 2025-05-19 | 26.1%[9] |
| 6-month simple average closing price | 2025-05-19 | 30.8%[10] |
Premiums are as stated in the filings (not recalculated from market prices).
Valuations
No verified valuations yet.
Timeline (filings)
| Filing | Date | Filer | docID |
|---|---|---|---|
| Tender Offer Registration Statement | 2025-05-21 | Maruhan Corporation | S100VSAS |
| Position Statement | 2025-05-21 | ICHIKEN Co., Ltd. | S100VSMM |
| Tender Offer Report | 2025-06-25 | Maruhan Corporation | S100W63S |
Sources
- Tender Offer Registration Statement (S100VSAS) 2025-05-21
Original text (Japanese): 本公開買付価格である3,500円は、本公開買付けの公表日の前営業日である2025年５月19日の東京証券取引所スタンダード市場における対象者株式の終値2,917円に対して19.99％
- Position Statement (S100VSMM) 2025-05-21
Original text (Japanese): 同日の東京証券取引所スタンダード市場における対象者株式の終値2,917円に対して19.99％のプレミアムを加えた価格である3,500円
- Position Statement (S100VSMM) 2025-05-21
Original text (Japanese): したがって、本公開買付け成立後も、当社株式は、引き続き東京証券取引所スタンダード市場における上場を維持する予定です。
- Position Statement (S100VSMM) 2025-05-21
Original text (Japanese): 公開買付者が既に３２％を超える当社株式を保有する筆頭株主であり、本公開買付後の保有割合が過半数となるものではないことを勘案すると
- Tender Offer Registration Statement (S100VSAS) 2025-05-21
Original text (Japanese): 公開買付期間を2025年５月21日から同年６月24日までとする旨の提案
- Tender Offer Registration Statement (S100VSAS) 2025-05-21
Original text (Japanese): 560,800(株)
- Tender Offer Report (S100W63S) 2025-06-25
Original text (Japanese): 応募株券等」といいます。)の数の合計(1,570,458株)
- Tender Offer Registration Statement (S100VSAS) 2025-05-21
Original text (Japanese): 同日までの過去１ヶ月間の終値単純平均値2,786円に対して25.63％
- Tender Offer Registration Statement (S100VSAS) 2025-05-21
Original text (Japanese): 同過去３ヶ月間の終値単純平均値2,775円に対して26.13％
- Tender Offer Registration Statement (S100VSAS) 2025-05-21
Original text (Japanese): 同過去６ヶ月間の終値単純平均値2,675円に対して30.84％