HOYA counters Toshiba's TOB December 13th 14:11
HOYA, a major optical glass manufacturer, has announced that it intends to acquire TOB = shares through a tender offer to Toshiba Group semiconductor manufacturing equipment manufacturer New Flare Technology. For New Flare, Toshiba has already done TOB for making it a wholly-owned subsidiary, and it will be a form to counter this.
According to the announcement, HOYA will aim to become a wholly-owned subsidiary in April next year by conducting TOB for semiconductor manufacturing equipment manufacturer New Flare Technology.
For New Flare, Toshiba Group is making a wholly-owned subsidiary and is trying to eliminate the so-called parent-child listing. .
Since there is no prior consultation with Toshiba, the purchase price per share is set at 12,900 yen, 1000 yen higher than Toshiba.
HOYA explains that it is possible to increase the corporate value of both companies by making New Flare, which manufactures semiconductor manufacturing equipment, a subsidiary, because it handles semiconductor-related components. I am calling.
However, Toshiba says that it will not change its goal of becoming a wholly-owned subsidiary. First, the results of Toshiba's TOB will be noticed.