MUFG's Nicos amends tender offer for Zenhoren after regulatory approval

Mitsubishi UFJ NICOS, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), has announced revisions to its ongoing tender offer for shares of Zenhoren Co., Ltd. The amendment follows the receipt of regulatory approval from the FSA under Article 52-23, Paragraph 3 of the Banking Act. The changes primarily concern updates to the tender offer documentation and the public notice of commencement, reflecting the FSA's approval. While MUFG received approval, they did not agree to the added conditions so will be cancelling the tender. The tender offer, which began on February 17, 2025, is part of a broader capital and business alliance between Mitsubishi UFJ NICOS and Zenhoren. MUFG states that all procedures related to the tender offer will be conducted in Japanese.