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SHINPO to undergo MBO, TOB price set at 1,700 yen per share

Tue Apr 28, 2026 6:07 pm JST Catalyst

SHINPO <5903> announced after the market close on April 28 that Yamatake Sogyo?a Nagoya-based entity represented by director and founding family member Kiyohisa Yamada?will launch a tender offer (TOB) to take the company private through a management buyout (MBO). The purchase price is set at 1,700 yen per share.

The tender offer aims to acquire at least 1,719,050 shares, with no established upper limit. The offer period is scheduled to run from April 30 to June 15, 2026. Upon a successful completion of the TOB, SHINPO is expected to be delisted following standard regulatory procedures. In response to the announcement, the Tokyo Stock Exchange designated SHINPO as a "security under supervision" (confirmation status) as of April 28.

Source: MINKABU PRESS

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

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