Yageo raises offer for Shibaura Electronics amid competing bid

Shibaura Electronics (TSE: 6957) announced that YAGEO Corporation has increased its planned tender offer price to JPY 5,400 per share from the previously proposed JPY 4,300. This revision comes in light of the competing tender offer from Minebea Mitsumi, which was initially supported by Shibaura's board. Shibaura's board of directors acknowledged receipt of YAGEO's revised proposal on April 17, 2025, and intends to carefully evaluate the new terms to determine the best course of action for the company's shareholders. While previously recommending against the YAGEO offer and supporting the Minebea Mitsumi bid, the board is now reevaluating both offers to ensure shareholder interests are prioritized. Shareholders are advised to await further announcements from Shibaura Electronics regarding its final position on the competing offers. The revised tender offer is still subject to standard conditions, including the absence of events that would allow YAGEO to withdraw the offer and the board not deciding on any dividend or stock purchase scheme before the settlement date.