MANDOM CORPORATION Board Supports Tender Offer, Recommends Shareholders Tender
Source disclosure: January 15, 2026 MANDOM CORPORATION [4917.T] TOKYO — On January 15, 2026, Koron Holdings Co., Ltd. announced that it had submitted an amended tender offer filing to the Commissioner of the Tokyo Regional Finance Bureau under Article 27, Paragraphs (8)(1) and (2) of the Financial Instruments and Exchange Act. This amendment is necessary due to recent changes related to its tender offer for shares of ManDam Corporation (stock code: 4917), listed on the Prime Market o
Source disclosure: January 15, 2026
MANDOM CORPORATION [4917.T]
TOKYO — On January 15, 2026, Koron Holdings Co., Ltd. announced that it had submitted an amended tender offer filing to the Commissioner of the Tokyo Regional Finance Bureau under Article 27, Paragraphs (8)(1) and (2) of the Financial Instruments and Exchange Act. This amendment is necessary due to recent changes related to its tender offer for shares of ManDam Corporation (stock code: 4917), listed on the Prime Market of the Tokyo Stock Exchange.
The revised tender offer document extends the tender period from January 20, 2026, as previously stated in the January 5th amendment, until January 29, 2026, which marks ten business days after the submission date of this announcement. The extension comes following agreements made by Koron Holdings with Hibiki Path Advisors Pte. Ltd. and Hibiki Path Advisors SPC regarding the transfer of contractual positions within their subscription agreement dated November 27, 2025. Additionally, ManDam Corporation disclosed on January 14, 2026, that it received a legally binding letter of intent from Kohlberg Kravis Roberts & Co. L.P. concerning the delisting of ManDam's shares.
ManDam Corporation’s board supports the tender offer and recommends shareholders participate in the tender process. As part of these recommendations, the company has provided detailed information about the tender offer, including the extended timeline and the legal framework governing the transaction. The revised documents also correct discrepancies in the number of securities held by Hibiki Path Advisors Pte. Ltd., ensuring transparency and accuracy in the tender offer proceedings.
This development underscores the ongoing efforts by Koron Holdings to finalize arrangements for the acquisition of ManDam Corporation, aiming to take the company private through a comprehensive series of transactions initiated since September 26, 2025. The extended tender period allows more time for shareholders to consider the offer and make informed decisions regarding their holdings.
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