FilingReader Intelligence

Shibaura Electronics endorses MinebeaMitsumi bid, rejects YAGEO offer

April 10, 2025 at 12:09 PM UTC•By FilingReader AI

Shibaura Electronics (TSE:6957) announced its endorsement of the tender offer from MinebeaMitsumi Inc. to acquire all outstanding shares of the company at JPY 4,500 per share. In a coordinated move, Shibaura's board unanimously rejected the competing tender offer from YAGEO Electronics Japan, citing greater potential for synergies and increased shareholder value under MinebeaMitsumi's ownership.

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 of Opposition to the Planned Commencement of the Tender Offer for Our Shares by Yageo Electronics Japan, LLCApril 10, 2025 at 04:45 AM UTC

Supplementary Source Documents

Notice of Opposition to the Planned Commencement of the Tender Offer for Our Shares by Yageo Electronics Japan, LLCApril 10, 2025 at 04:50 AM UTC

Shibaura Electronics

TSE:6957•Tokyo Stock Exchange

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