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ROHM shares plunge on reports DENSO withdraws takeover proposal

Mon Apr 27, 2026 9:37 am JST Catalyst

ROHM COMPANY LIMITED <6963> shares plunged sharply. The Nikkei reported on the 25th that "DENSO CORPORATION <6902> has decided to withdraw its takeover proposal for major semiconductor maker ROHM COMPANY LIMITED <6963>." According to the article, DENSO <6902> submitted a takeover proposal through a TOB (tender offer) in February, anticipating expansion of its semiconductor business, but failed to gain ROHM's approval. The report also noted that restructuring in the power semiconductor sector is likely to proceed centered on an alliance among ROHM <6963>, Toshiba, and Mitsubishi Electric Corporation <6503>. In response to the report, DENSO <6902> disclosed a statement on the 27th, confirming that "it is true that we have not obtained ROHM's approval for our proposal to acquire shares," while adding that "we are considering options including withdrawing the proposal, but no decision has been made at this time." ROHM <6963> also stated on the same day that "while it is true that we have not expressed intent to approve, DENSO is still in the process of considering its response." ROHM <6963> shares came under selling pressure as speculation over the TOB price receded.

(Note) The "◇" at the end of the title indicates an article containing multiple stock issues.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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