Mitsuba and Chubu Electric Power Move to Take RYOMO SYSTEMS Private via Tender Offer
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Mitsuba Corporation and Chubu Electric Power are initiating a joint tender offer to take RYOMO SYSTEMS private, with Mitsuba acquiring 80% and Chubu Electric 20% of voting rights post-offer. The tender, priced at 5,200 yen per share for up to 1,703,447 shares (totaling approximately 8.9 billion yen), runs from May 15 to July 8, 2026. The offerors plan to implement squeeze-out procedures if the minimum share acquisition is met, aiming for full control of RYOMO SYSTEMS.
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