Mitsubishi Corporation (MC) announced today that it will be selling a portion of its common shares in Mitsubishi Shokuhin Co., Ltd. (MSK) back to MSK in response to today’s decision by the latter’s board of directors to extend a tender offer. Details on the tender-offer agreement between MSK and MC are outlined below.

 

Shares to be tendered             Common shares of MSK: 13,600,000 shares

Tender offer price                    JPY 2,592 per share

Tender offer period                  May 28, 2021 to June 24, 2021

Start date of settlement           July 16, 2021