Yageo amends Shibaura Electronics tender offer, extends period and raises price

Yageo Corporation, through Yageo Electronics Japan LLC, has amended its tender offer for Shibaura Electronics Co. The purchase period, initially from May 9, 2025, to September 8, 2025, has been extended to Wednesday, September 10, 2025, resulting in an 87-business-day tender offer period. This extension follows the submission of an amendment statement on August 27, 2025, and subsequent discussions with relevant authorities regarding the Foreign Exchange and Foreign Trade Act.

The tender offeror previously increased the tender offer price on August 23, 2025, from 6,200 yen to 7,130 yen per share. This adjustment was made after considering the target company's stock market price and other market conditions. The commencement date of settlement has also been updated from Tuesday, September 16, 2025, to Thursday, September 18, 2025.

Yageo withdrew its previous notification under the Foreign Exchange and Foreign Trade Act on August 27, 2025, and filed a third notification on the same date. The company anticipates obtaining approval for the acquisition of Shibaura Electronics' stock by September 10, 2025, aligning with the extended tender offer period.