YAGEO extends Shibaura Electronics tender offer period

YAGEO Electronics Japan, a wholly-owned subsidiary of YAGEO Corporation, has extended its tender offer period for Shibaura Electronics until September 18, 2025, from the previous September 10, 2025. This extension, announced on September 3, 2025, results in a total tender offer period of 92 business days. The decision follows the shortening of the statutory waiting period related to the Third Inward Direct Investment Notification.

The tender offer price for Shibaura Electronics shares was also revised multiple times, initially changing from JPY 6,200 to JPY 6,635 on August 21, 2025, and subsequently to JPY 7,130 on August 23, 2025. These adjustments reflect market conditions and YAGEO Electronics Japan's comprehensive consideration of various factors.

The settlement commencement date for the tender offer has been moved from September 18, 2025, to September 26, 2025. This change ensures compliance with legal and regulatory procedures, including those under Japan's Foreign Exchange and Foreign Trade Act, following extensive discussions between YAGEO and relevant authorities. Shibaura Electronics continues to review the tender offer.