Mitsui Chemicals TOB for DNA chip succeeds, parent changes

Mitsui Chemicals (TSE:4183) announced the successful completion of its tender offer for shares of DNA Chip Research (TSE:2397) on April 8, 2025. The tender offer, which began on February 5, 2025, concluded on April 7, 2025, with a total of 3,669,512 shares tendered, exceeding the minimum target of 3,119,000 shares. As a result of the successful TOB, Mitsui Chemicals will become the new parent company of DNA Chip Research effective April 14, 2025, the settlement commencement date. Mitsui Chemicals' ownership stake now exceeds 50% of the voting rights. The tender offer price was set at JPY 1,100 per share. The company plans to delist from TSE after the completion of the deal.