Hikari Tsushin launches tender offer for Leopalace21 at 1,000 yen per share in bid to make it a wholly owned subsidiary

Corporate ActionM&A · Partnership
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Summary · why it matters

Hikari Tsushin announced on the 14th that it will launch a tender offer for Leopalace21 together with investment funds affiliated with MBK Partners and NEC Capital Solutions. The offer price is 1,000 yen per share, above the closing price of 691 yen on the 14th, and the offer period will run from September 15 to October 30, with the total purchase amount reaching 267.6 billion yen. Through the series of procedures, the company aims to make Leopalace21 a wholly owned subsidiary. Leopalace21 has expressed its support for the tender offer and decided to recommend that shareholders tender their shares. Hikari Tsushin currently holds 18.11% of Leopalace21 shares through indirect holdings.

Impact on stocks 3

Energy Transition & Power Demand · 2 stocks
Hikari Tsushin, Inc.
9435
▲ PositiveCapitalrelevance

Hikari Tsushin launches a tender offer to make Leopalace21 a wholly owned subsidiary, expanding its stake from 18.11%.

NEC Capital Solutions Limited
8793
± MixedCapitalrelevance

Named as a partner in the tender offer consortium alongside MBK Partners, but no specific terms for NEC Capital Solutions given.

Aging Population · 1 stocks
Leopalace21 Corporation
8848
▲ PositiveCapitalrelevance

Hikari Tsushin's tender offer at 1,000 yen per share, a premium to the 691 yen close, with board support to recommend tendering.