SBI Holdings, a major online finance company, announced that it will decide whether or not to comply with the extension of the TOB period required by Shinsei Bank, which is conducting a takeover bid.
If Shinsei Bank does not accept the extension by the 30th, it may proceed with takeover defense measures, and SBI's response will be the focus.
SBI Holdings is conducting a takeover bid for Shinsei Bank until October 25, while Shinsei Bank has decided to introduce takeover defense measures to reduce the voting rights ratio of SBI, and the TOB period I am asking you to extend.
As a condition for accepting the extension, SBI requested four items, such as holding a general meeting of shareholders asking whether to implement takeover defense measures at the shortest possible timing, but Shinsei Bank 27 After announcing that he would not answer on the day, he requested an extension of the TOB period.
In response, SBI announced on the 28th that it will scrutinize Shinsei Bank's announcement and decide whether to extend it.
Shinsei Bank said that if it does not respond to the extension by noon on the 30th, it may proceed with takeover defense measures, and SBI's response will be the focus.
SBI also requested that Shinsei Bank's takeover defense measures, which allocate stock acquisition rights free of charge, clarify the number of shares to be allocated for each acquisition right.