Tender offer · TOB · Closed
T&K TOKA CO.,LTD.4636
Acquirer: Hikari Acquisition Co., Ltd. · Sector: Chemicals · Tender offer filing date: 2023-01-10 · Open on EDINET · Deal data (JSON)
¥1,300[1]
0
Deal characteristics
- Category
- Partial offer (stays listed) (not stated in the filing; inferred from the maximum number of shares and the sign of the premium)
- Acquirer type
- —
- 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 | ¥1,300 [1] | — |
| Offer period start | 2023-01-10 [4] | — |
| Offer period end | 2023-02-22 [4] | — |
| Offer period (business days) | 32 business days [4] | — |
| Minimum shares | 4,007,064 shares [5] | — |
| Maximum shares | 4,911,564 shares [6] | — |
| Shares tendered | 2,600,705 shares [7] | — |
| Result | Unsuccessful [3] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2023-01-05 | 10.4%[2] |
| 1-month simple average closing price | 2023-01-05 | 18.2%[8] |
| 3-month simple average closing price | 2023-01-05 | 30.4%[9] |
| 6-month simple average closing price | 2023-01-05 | 35.3%[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 | 2023-01-10 | Hikari Acquisition Co., Ltd. | S100PXID |
| Position Statement | 2023-01-17 | T&K TOKA CO.,LTD. | S100PZC0 |
| Response to Questions | 2023-01-24 | Hikari Acquisition Co., Ltd. | S100Q0GL |
| Amended Position Statement | 2023-02-06 | T&K TOKA CO.,LTD. | S100Q35Z |
| Amended Tender Offer Registration Statement | 2023-02-08 | Hikari Acquisition Co., Ltd. | S100Q4I3 |
| Tender Offer Report | 2023-02-24 | Hikari Acquisition Co., Ltd. | S100QAM0 |
Sources
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 2023年１月６日に、公開買付価格を1,300円と決定いたしました。
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 2023年１月５日の東京証券取引所プライム市場における対象者株式の終値1,178円に対して10.36％のプレミアム
- Tender Offer Report (S100QAM0) 2023-02-24
Original text (Japanese): 応募株券等の数の合計(2,600,705株)が買付予定数の下限(4,007,064株)に満たなかったため、公開買付開始公告及び公開買付届出書…に記載のとおり、応募株券等の全部の買付け等を行いません。
- Amended Tender Offer Registration Statement (S100Q4I3) 2023-02-08
Original text (Japanese): 買付け等の期間 2023年１月10日(火曜日)から2023年２月22日(水曜日)まで(32営業日)
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 応募株券等の合計が買付予定数の下限(4,007,064株)を超えない場合は、応募株券等の全部の買付け等を行いません。
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 応募株券等の数が買付予定数の上限(4,911,564株)を超える場合は、その超える部分の全部又は一部の買付け等を行わないものとし
- Tender Offer Report (S100QAM0) 2023-02-24
Original text (Japanese): 応募株券等の数の合計(2,600,705株)
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 同日までの１ヶ月間の終値の単純平均値1,100円に対して18.18％
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 同日までの３ヶ月間の終値の単純平均値997円に対して30.39％
- Tender Offer Registration Statement (S100PXID) 2023-01-10
Original text (Japanese): 同日までの６ヶ月間の終値の単純平均値961円に対して35.28％のプレミアムを加えた価格であります。