Twinbird expresses opposition to Japanet Holdings' TOB

M&A · PartnershipManagement
โดย Reuters·JP·Read original
Summary · why it matters

Home appliance maker Twinbird announced on the 31st that its board of directors unanimously resolved to express opposition to the tender offer (TOB) by Japanet Holdings aimed at making Twinbird a wholly owned subsidiary. The company determined that if the TOB is completed, it would cause significant negative synergies, such as the suspension or reduction of transactions with mass retailers, while the feasibility of the synergies claimed by Japanet Holdings has not been specifically substantiated.

Impact on stocks 1

Consumer Discretionary▼ · 1 stocks
Twinbird Corporation
6897
▼ NegativeCapitalrelevance

Board opposes TOB, citing negative synergies and unsubstantiated benefits.

Off-coverage companies 1

Japanet HoldingsPrivate▼ Negative
Capitalrelevance

TOB opposed by target's board, threatening deal completion.

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