Kaga Electronics will not raise tender offer price for Shinko Shoji, to close on August 3

Corporate Action
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Summary · why it matters

Kaga Electronics announced on the 29th that it has no plans to raise the tender offer price for Shinko Shoji shares, which remains at 1,580 yen per share. The tender offer period will also end on August 3. Kaga Electronics launched the tender offer on May 18, and because Shinko Shoji's stock price had at times exceeded the offer price, the purchase period had been extended twice.

Impact on stocks 2

Information Technology▼ · 1 stocks
Shinko Shoji Co., Ltd.
8141
▼ NegativeCapitalrelevance

Shinko Shoji shareholders will not receive a higher offer price; tender offer closes on August 3.

Semiconductors▼ · 1 stocks
Kaga Electronics Co., Ltd.
8154
▼ NegativeCapitalrelevance

Kaga Electronics will not raise the tender offer price, potentially reducing chances of acquiring Shinko Shoji.

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