Pentel acquisition KOKUYO buy-out deadline Announcing a few days later or December 9 at 18:29
KOKUYO will close the application deadline for stock purchases on the 9th in a battle between the two leading stationery companies over the writing instrument manufacturer Pentel. The focus is on whether or not the target majority of the shares have been acquired, but the company says it will take some time to complete the aggregation, and the announcement will be a few days later.
Regarding Pentel, KOKUYO launched a hostile acquisition on the 15th of last month and aims to acquire a majority of shares and make it a subsidiary.
On the other hand, the rival plus has made a proposal to purchase up to 33.4% of Pentel's shares in the deadline of up to 10 days in order to prevent it, and it is a battle.
The deadline for applying for share purchases that KOKUYO has called out to Pentel shareholders is 9 days. The focus is on whether or not the target majority of the shares have been acquired, but the company says it will take some time to complete the aggregation, and the announcement will be a few days later.
In the past, KOKUYO raised the stock purchase price twice, and both KOKUYO and PLUS both sent letters to PENTEL shareholders and asked them to hand over the stocks.
Pentel's shareholders have a high percentage of employees and OBs, and it seems that attention will be paid to whether KOKUYO or Plus has judged that the claim will lead to the growth of the company.