Minebea Mitsumi extends tender offer for Shibaura Electronics

Minebea Mitsumi (TSE: 6479) has announced a change to the terms of its ongoing tender offer for shares of Shibaura Electronics CO., LTD. (Securities Code: 6957). The tender offer, initially launched on May 2, 2025, has been extended to July 11, 2025, resulting in a total offer period of 49 business days. The extension follows Minebea Mitsumi's submission of its 79th Annual Securities Report to the Kanto Local Finance Bureau on June 26, 2025. Consequently, the settlement start date has also been revised to July 18, 2025. If Minebea Mitsumi secures less than 90% of Shibaura Electronics' voting rights, it intends to request an extraordinary shareholders' meeting to conduct a share consolidation and amend the articles of incorporation to abolish share unit number provisions. The company scheduled to be held between around August and September 2025.