Minebea Mitsumi amends Shibaura Electronics tender offer amidst rival bids

Minebea Mitsumi has announced amendments to its tender offer for Shibaura Electronics, initiated on May 2, 2025. These adjustments follow a decision by YAGEO Electronics Japan to increase its tender offer price for Shibaura Electronics common shares to JPY 6,635 on August 21, 2025, and subsequently to JPY 7,130 on August 23, 2025.

As a result of these changes, Minebea Mitsumi submitted an amended tender offer registration statement to the Kanto Local Finance Bureau on August 28, 2025. The tender offer period has been extended to September 11, 2025, totaling 91 business days.

Minebea Mitsumi's tender offer price remains JPY 6,200, which, as of August 13, 2025, represents a 5.80% premium over Shibaura Electronics' closing price of JPY 5,860 on the Tokyo Stock Exchange Standard market. Shibaura Electronics' board of directors continues to recommend the offer but leaves the final decision to its shareholders.