FilingReader Intelligence

KYB to acquire Chita Steel, abandon buyout defense

March 28, 2025 at 01:35 AM UTC•By FilingReader AI

Kyb Corporation (TSE:7242) announced it will acquire Chita Steel Industry Co., Ltd. (Nagoya:5993) as a subsidiary, following a successful tender offer that concluded on March 25, 2025. Kyb's tender offer secured 8,070,358 shares in Chita Steel, exceeding the minimum threshold, and will proceed with the acquisition, effective April 1, 2025. The total acquisition cost is expected to be 16.221 billion yen.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Notice regarding discontinuation of the policy regarding large-scale purchases of our company shares (takeover defense measures) and partial amendment to the Articles of IncorporationMarch 26, 2025 at 07:00 AM UTC

Supplementary Source Documents

Kyb Corporation

TSE:7242•Tokyo Stock Exchange

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