ARTS-3 tender offer for Snt succeeds, stakeholder changes expected

ARTS-3 Co., Ltd. has concluded its tender offer for the common stock of Snt Corporation (TSE:6319). The offer, which commenced on March 3, 2025, and concluded on April 14, 2025, resulted in ARTS-3 acquiring 33,894,779 shares. This exceeded the minimum threshold of 24,832,400 shares, ensuring the offer's success. As a result, ARTS-3 will become Snt's parent company and largest shareholder, effective April 21, 2025. Consequently, Japan Monozukuri Future Investment Limited Partnership, ARTS-3's parent company, will also become a parent company of Snt. In contrast, existing major shareholders, Topre Corporation, Nippon Steel Corporation, and Nippon Steel & Sumikin Bussan Corporation, will no longer hold those positions. The offer price was JPY 403 per share. Trading of Snt's stock on the Tokyo Stock Exchange is expected to be halted following a delisting process.