Yageo extends Shibaura Elec. tender offer period to Sept 10

Yageo extends Shibaura Elec. tender offer period to Sept 10

YAGEO (TWSE: 2327), a global service provider of electronic component solutions, has extended the tender offer period for acquiring Shibaura Electronics Co., Ltd. (TSE: 6957) until September 10, 2025. This extension follows a series of constructive engagements between the leadership teams of both companies and is aimed at maximizing corporate value for all stakeholders [1].

YAGEO initially launched its tender offer on May 9, 2025, with an offer price of 5,500 JPY per share. MinebeaMitsumi Inc. (TSE: 6479) subsequently matched YAGEO's offer at 6,200 JPY per share on August 14, 2025 [2]. In response, YAGEO increased its tender offer price to 6,635 JPY per share on August 21, 2025, following a visit by Shibaura Management to YAGEO’s Kaohsiung manufacturing facility [1].

The extended tender offer period is in accordance with Japanese regulations and aims to provide shareholders with additional time to consider YAGEO's offer. YAGEO believes that this collaboration will best maximize the corporate values for all Shibaura’s stakeholders [1].

YAGEO's latest bid hike has led MinebeaMitsumi to cease any further price increases, maintaining its bid at 6,200 JPY per share and not extending the offer deadline past August 28 unless legally obliged to do so [2]. The regulatory review process for YAGEO's tender offer, under Japan's Foreign Exchange and Foreign Trade Act (FEFTA), has been extended twice, with the current deadline set for September 1. The outcome of this competitive acquisition battle remains uncertain, with both companies maintaining firm positions [3].

References:
[1] https://www.yageo.com/en/PressRoom/Content/press_room?category=ir_pr&news_id=20250821
[2] https://www.digitimes.com/news/a20250822PD226/yageo-acquisition-price.html
[3] https://www.reuters.com/markets/emerging/taiwans-yageo-sweetens-offer-japans-shibaura-security-clearance-key-2025-08-21/