The takeover bid for TOB = shares that the major home improvement company "DCM Holdings" had made to "Shimachu" was unsuccessful because it did not reach the target holding ratio.
For Shimachu, Nitori Holdings, a major furniture and daily necessities company, is conducting a takeover bid at a higher purchase price, which seems to have affected the response of shareholders.
DCM Holdings held a takeover bid until the 11th with the aim of making Shimachu, which develops home centers and other facilities mainly in the Tokyo metropolitan area, a wholly owned subsidiary, and announced the results on the 12th.
As a result, the shareholding ratio for the purchase was only 0.08%, which did not reach the target 50% holding ratio, and the TOB was unsuccessful.
For Shimachu, after DCM started the TOB, Nitori Holdings carried out a TOB at 5,500 yen per share, which is about 30% higher than the purchase price by DCM, which was an unusual development.
Shimachu initially agreed with DCM's TOB, but later turned to support Nitori, and Nitori and Shimachu had already signed a contract for business integration, and these movements affected the response of Shimachu's shareholders. It seems that it was done.