Tender offer · TOB · Closed
BASE FOOD, Inc.2936
Acquirer: MBF Acceleration Co., Ltd. · Sector: Retail Trade · Tender offer filing date: 2025-02-18 · 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 | ¥688 [1] | — |
| Offer period start | 2025-02-18 [5] | — |
| Offer period end | 2025-04-30 [6] | — |
| Offer period (business days) | 49 business days [6] | — |
| Maximum shares | 3,690,000 shares [7] | — |
| Shares tendered | 5,740,857 shares [8] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2025-02-14 | 28.8%[2] |
| 1-month simple average closing price | 2025-02-14 | 38.7%[9] |
| 3-month simple average closing price | 2025-02-14 | 63.8%[10] |
| 6-month simple average closing price | 2025-02-14 | 92.2%[11] |
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 | 2025-02-18 | MBF Acceleration Co., Ltd. | S100V9O2 |
| Position Statement | 2025-02-18 | BASE FOOD, Inc. | S100V9PK |
| Amended Tender Offer Registration Statement | 2025-02-28 | MBF Acceleration Co., Ltd. | S100VBPH |
| Tender Offer Report | 2025-04-16 | MBF Acceleration Co., Ltd. | S100VMQ9 |
Sources
- Tender Offer Registration Statement (S100V9O2) 2025-02-18
Original text (Japanese): 普通株式１株につき、金688円
- Position Statement (S100V9PK) 2025-02-18
Original text (Japanese): 本公開買付けが公表された日である本日の前営業日である2025年２月14日の当社株式の終値534円に対してのプレミアム率は28.84％
- Position Statement (S100V9PK) 2025-02-18
Original text (Japanese): 本公開買付け実施後も当社株式の上場を維持する方針であることから、当社株式が東京証券取引所の定める上場維持に係る流通株式比率を満たさなくなることは意図していないとのことです。
- Position Statement (S100V9PK) 2025-02-18
Original text (Japanese): 他方、公開買付者及び特別関係者である公開買付者株主は、支配権プレミアムの享受のための買増しを目的としており、本公開買付け実施後も当社株式の上場を維持する方針である
- Tender Offer Registration Statement (S100V9O2) 2025-02-18
Original text (Japanese): 令和７年２月18日～同年４月15日(39営業日)
- Tender Offer Registration Statement (S100V9O2) 2025-02-18
Original text (Japanese): 公開買付期間は2025年４月30日(水曜日)まで(49営業日)となります。
- Tender Offer Registration Statement (S100V9O2) 2025-02-18
Original text (Japanese): 買付予定数の上限 3,690,000株
- Tender Offer Report (S100VMQ9) 2025-04-16
Original text (Japanese): 応募株券等の総数(5,740,857株)
- Position Statement (S100V9PK) 2025-02-18
Original text (Japanese): 同日までの過去１か月間の終値単純平均値496円（小数点以下を四捨五入。以下終値単純平均値の計算において同じです。）に対してのプレミアム率は38.71％
- Position Statement (S100V9PK) 2025-02-18
Original text (Japanese): 同日までの過去３か月間の終値単純平均値420円に対してのプレミアム率は63.81％
- Position Statement (S100V9PK) 2025-02-18
Original text (Japanese): 同日までの過去６か月間の終値単純平均値358円に対してのプレミアム率は92.18％