Yageo extends tender offer for Shibaura Electronics to October

Yageo Corporation has extended its tender offer for Shibaura Electronics. The tender offer is now extended from the original September 18, 2025, to Friday, October 3, 2025. This extension brings the total purchase period to 102 business days. The commencement date of settlement has also been updated to Friday, October 10, 2025, from the previous September 26, 2025.

The amendment follows Shibaura Electronics' public announcement on September 16, 2025, of its support for Yageo's tender offer, a change from its initial opposition. An agreement between Yageo, the tender offeror, and Shibaura Electronics was executed on the same date. The tender offer was initially scheduled to commence on May 9, 2025, with an offer price of 5,500 yen per share, following a competing tender offer by Minebea Mitsumi.

Yageo has committed to respecting Shibaura Electronics' corporate purpose, management policies, and existing business strategies. Key provisions in the agreement include maintaining the current composition of Shibaura Electronics' internal directors post-settlement and not altering the trade name or corporate logo. Yageo also intends to maintain the employment of Shibaura Electronics' employees and business relationships with existing partners.