Kaga Electronics defends tender offer price of 1,580 yen for Shinko Shoji, no change planned
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Kaga Electronics maintains its JPY 1,580 per share tender offer for Shinko Shoji, citing third-party valuation and board support. Despite the stock trading above the offer price at times, Kaga has no plans to increase the bid. The acquisition aims to make Shinko Shoji a wholly owned subsidiary. The deal's financial impact is excluded from the fiscal year ending March 31, 2027 forecast.
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