YAGEO Extends Shibaura Tender Offer Period upon Taiwan Investment Commission Approval
2025/06/25YAGEO (TWSE: 2327) has launched a tender offer to acquire the shares of SHIBAURA ELECTRONICS CO., LTD. (TSE: 6957) (“Shibaura”), a globally recognized leader in NTC (negative temperature coefficient) thermistor manufacturing with strong technological capabilities on May 9, 2025.
Today, YAGEO has received the approval of Taiwan Investment Commission regarding the tender offer of Shibaura’s shares. Upon the approval, YAGEO has extended the tender offer period to July 9th, 2025 in accordance with Japanese regulations.
Please refer to the following for the Amendment Statement and amendments to the Notice Regarding Commencement of Tender Offer:
- Amendment Statement for the Tender Offer Registration Statement
- (Amendment) Notice Regarding Amendments to the “Notice Regarding Commencement of Tender Offer for SHIBAURA ELECTRONICS CO., LTD. (Securities Code: 6957)” and the Public Notice of Commencement of Tender Offer due to Submission of the Amendment to Tender Offer Registration Statement
About YAGEO
Founded in 1977 and headquartered in Taiwan, YAGEO is a global service provider of electronic component solutions, offering a broad selection of passive component technologies from some of the industry’s most recognized brands. Today, YAGEO has consolidated sales of around 4BN USD and employs more than 40,000 individuals around the world. With 61 manufacturing sites located in 35 countries and 20 R&D centers, YAGEO has a leading portfolio of electronic components as well as global production and sales capabilities designed to meet the diverse requirements of customers and a full range of end market segments.
For further information, please contact:
Investor and Public Relations, YAGEO (English and Chinese)
TEL: +886-2-66299999 Ext. 3296
Email: ir@yageo.com
Japanese Media Inquiries (Japanese)
TEL: +81 3 6721-5438
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Important Information
This purpose of this press release is to inform the public of the tender offer and has not been prepared for the purpose of soliciting an offer to sell, or making an offer to purchase, any securities. If shareholders wish to make an offer to sell their shares in the tender offer, they should first read the explanation statement for the tender offer and offer their shares or stock options for sale at their own discretion. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities, and neither this press release (or a part thereof) nor its distribution shall be interpreted to be the basis of any agreement in relation to the tender offer, and this press release may not be relied on at the time of entering into any such agreement.
Although the tender offer will be conducted in accordance with the procedures and information disclosure standards prescribed under Japanese law, those procedures and standards may differ from the procedures and information disclosure standards in the United States. In particular, Sections 13(e) and 14(d) of the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”), and the rules prescribed thereunder, do not apply to the tender offer, and therefore the tender offer does not conform to those procedures and standards.
Unless otherwise specified, all procedures relating to the tender offer shall be conducted entirely in Japanese. While some or all of the documentation relating to the tender offer will be prepared in English or Chinese, if there is any inconsistency between the English or Chinese documentation and the Japanese documentation, the Japanese documentation will prevail.
The offeror, the financial advisors to the offeror, and the tender offer agent (including their respective affiliates) may purchase the target’s shares by means other than the tender offer to the extent permitted by Rule 14e 5(b) of the U.S. Exchange Act, applicable laws and regulations in Japan, and other applicable laws and regulations. Such purchases may be made at the market price through market transactions, or at a price determined by negotiation outside of the market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed in a similar manner in the United States, including on the English website of the person conducting such purchases. |
