Maeda Road Competes against TOB with a large special dividend Divided by major shareholders February 20 21:08
Maeda Construction Industry Co., Ltd., a major construction company, is trying to make Maeda Road, a group company, a subsidiary through TOB = a tender offer for shares. On May 20, Maeda Road announced a policy of paying a special dividend to shareholders in addition to the usual dividend, and has urged shareholders not to sell their shares.
According to the announcement, Maeda Road will make a special dividend of 53.5 billion yen per share, 650 yen per share, apart from the usual dividend to shareholders. To do.
The annual dividend is planned to be 100 yen per share, so the special dividend is more than six times that amount.
Regarding Maeda Road, Maeda Construction Industry Co., Ltd., a major shareholder, has been conducting a TOB = tender offer to acquire a majority stake and make it a subsidiary. , It is an unusual situation in which there is a fierce conflict within the group.
If Maeda Road pays a special dividend, the company's assets will be greatly reduced.However, it is necessary to encourage shareholders to not sell their stocks and give Maeda Construction Industries abandonment as a subsidiary.
For the time being, it is likely that uncertainty will continue over the unusual situation in which companies in the same group, both named Maeda, will confront each other.