Source disclosure: February 06, 2026
YUTAKA GIKEN CO.,LTD. [7229.T]
TOKYO — Yutaka Kikken Co., Ltd. announced on February 6, 2026, that its board of directors supports and recommends to shareholders the tender offer initiated by Motherson Global Investments B.V., a subsidiary within the Samvardhana Motherson Group.
The company had previously disclosed on August 29, 2025, its intention to support and recommend this tender offer. On February 6, following receipt of notification from Motherson Global Investments B.V. indicating plans to commence the tender offer on February 9, 2026, Yutaka Kikken's board convened and reaffirmed their endorsement of the offer. They also resolved to advise shareholders to tender their shares in response to the tender offer.
Under the terms of the tender offer, each ordinary share will be purchased at a price of ¥3,024 per share. This public offering is aimed at delisting all of Yutaka Kikken’s listed shares (excluding treasury shares and non-tendered shares as defined below), leading to the privatization and integration of the company as a wholly-owned subsidiary within the Samvardhana Motherson Group. As part of these arrangements, Yutaka Kikken anticipates being delisted from the Tokyo Stock Exchange.
Yutaka Kikken's board decision was based on an extensive review process involving an independent special committee established to evaluate the fairness of the offer price and to avoid conflicts of interest. The special committee confirmed that there were no significant changes affecting the original assessment made on August 29, 2025. Consequently, the board concluded that the current conditions warrant maintaining their initial recommendation without modification.
This resolution follows the completion of necessary regulatory approvals by Motherson Global Investments B.V. as communicated on January 30, 2026. With all prerequisites fulfilled, the board believes that the tender offer represents a fair deal for shareholders, aligning with their best interests under the circumstances.
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