Tender offer · TOB · Closed
Hankyu Hanshin REIT, Inc.
Acquirer: Citco Trustees(UT)LIMITED · Sector: — · Tender offer filing date: 2025-02-13 · Open on EDINET · Deal data (JSON)
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 | ¥143,770 [1] | — |
| Offer period start | 2025-02-13 [3] | — |
| Offer period end | 2025-04-04 [3] | — |
| Offer period (business days) | 35 business days [3] | — |
| Minimum shares | 60,208 shares [4] | — |
| Maximum shares | 94,968 shares [5] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2025-02-10 | 10.0%[2] |
| 1-month simple average closing price | 2025-02-10 | 13.9%[6] |
| 3-month simple average closing price | 2025-02-10 | 17.9%[7] |
| 6-month simple average closing price | 2025-02-10 | 16.4%[8] |
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 | 2025-02-13 | Citco Trustees(UT)LIMITED | S100V8FE |
| Position Statement | 2025-02-25 | Hankyu Hanshin REIT, Inc. | S100VA5F |
| Amended Tender Offer Registration Statement | 2025-02-25 | Citco Trustees(UT)LIMITED | S100VAQ4 |
| Response to Questions | 2025-03-04 | Citco Trustees(UT)LIMITED | S100VCCL |
| Amended Position Statement | 2025-03-19 | Hankyu Hanshin REIT, Inc. | S100VFES |
| Amended Tender Offer Registration Statement | 2025-03-21 | Citco Trustees(UT)LIMITED | S100VFUW |
| Tender Offer Report | 2025-04-07 | Citco Trustees(UT)LIMITED | S100VKQR |
Sources
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 3Dらは、本公開買付価格を対象者投資口１口当たり143,770円と決定いたしました。
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 本公開買付価格(143,770円)は、本公開買付けの公表日の前営業日である2025年２月10日の終値130,700円に対して10.00％
- Amended Tender Offer Registration Statement (S100VFUW) 2025-03-21
Original text (Japanese): 買付け等の期間 2025年２月13日(木曜日)から2025年４月４日(金曜日)まで(35営業日)
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 買付予定数の下限として、公開買付者による本公開買付け後の所有割合が10.00％となる投資口数(69,520口)から、3Dらが本書提出日現在において所有する投資口(9,312口)を控除した60,208口(所有割合8.66％)に設定しております。
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 3Dらが本書提出日現在において所有する投資口(9,312口)を控除した94,968口(所有割合13.66％)に設定しております。
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 同日までの過去１か月間(2025年１月11日から2025年２月10日まで)の終値の単純平均値126,285円に対して13.85％
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 同過去３か月間(2024年11月11日から2025年２月10日まで)の終値の単純平均値121,990円に対して17.85％
- Tender Offer Registration Statement (S100V8FE) 2025-02-13
Original text (Japanese): 同過去６か月間(2024年８月11日から2025年２月10日まで)の終値の単純平均値123,525円に対して16.39％