MinebeaMitsumi extends tender offer for Shibaura Electronics shares

MinebeaMitsumi Inc. has extended its tender offer period for Shibaura Electronics shares until September 11, 2025, for a total duration of 91 business days. The extension, announced on August 28, 2025, follows YAGEO Electronics Japan's revised tender offer prices of JPY6,635 on August 21, 2025, and JPY7,130 on August 23, 2025. It also follows a further extension of foreign exchange law approval until September 10, 2025.

MinebeaMitsumi's tender offer price remains JPY6,200. This price represents a 5.80% premium over Shibaura Electronics' closing price of JPY5,860 on August 13, 2025, the business day prior to the submission of MinebeaMitsumi's amended tender offer statement. It also reflects premiums of 3.21% over the average closing price for the past month (JPY6,007) and 13.30% over the average closing price for the past six months (JPY5,472).