Mitsui Chemicals completes tender offer for DNA Chip Research

Mitsui Chemicals (TSE:4183) announced the successful completion of its tender offer for the common stock of DNA Chip Research Inc. (DNA Chip, 2397), a move initiated on February 5, 2025. With 3,669,512 shares tendered, exceeding the minimum requirement of 3,119,000 shares, Mitsui Chemicals will proceed to purchase all tendered shares at a price of JPY 1,100 per share. The acquisition increases Mitsui Chemicals' stake in DNA Chip Research to 68.14% of voting rights. As Mitsui Chemicals intends to acquire all outstanding shares of DNA Chip, it will implement a series of procedures to convert DNA Chip Research into a wholly-owned subsidiary, leading to the delisting of DNA Chip Research's stock from the Tokyo Stock Exchange.