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    9681   JP3587600002


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Mitsui Fudosan Co., Ltd. made an offer to acquire Tokyo Dome Corporation (TSE : 9681) from a group of shareholders for approximately ¥120 billion.

11/27/2020 EDT

Mitsui Fudosan Co., Ltd. (TSE:8801) made an offer to acquire Tokyo Dome Corporation (TSE : 9681) from a group of shareholders for approximately ¥120 billion on November 27, 2020. Under the terms, Mitsui Fudosan will acquire 92.71 million shares of Tokyo Dome at ¥1300 per share will be paid as a part of the transaction. Tokyo Dome will be delisted from Tokyo Stock Exchange. Mitsui Fudosan will sell 20% stake in Tokyo Dome to Yomiuri Shimbun post the completion of this transaction. Yoshihisa Inoue, Emi Ishida, Isao Takahashi and Hidenori Aoki are appointed for the special committee. Mitsui Fudosan should acquire minimum 61.81 million shares. The tender offer will commence on November 30, 2020 and will close on January 18, 2021. The transaction was resolved by the Board of Directors of Mitsui Fudosan Co on November 27, 2020. The Board of Directors of Tokyo Dome Corporation approved a resolution to express its opinion in favor of the tender offer and to recommend that shareholders of Tokyo Dome Corporation tender their shares in the tender offer. Mitsui Fudosan Co., Ltd. received the tender agreement from Mizuho Bank, Ltd. which stated that Mizuho Bank, Ltd. will tender all of its shares of the common stock of Tokyo Dome. As on December 7, 2020, Oasis Management Company Ltd. expressed its intention to endorse the Tender Offer and tender all shares of the common stock of Tokyo Dome held by funds managed by Oasis Management. The transaction is expected to close on January 25, 2021. PwC Advisory LLC acted as a financial advisor to Mitsui Fudosan. GCA Advisors LLC acted as a financial advisor and fairness opinion provider, Nomura Securities Co., Ltd. acted as a transfer agent and Nishimura & Asahi acted as a legal advisor to Tokyo Dome. Anderson Mori & Tomotsune LPC acted as a legal advisor to the special committee.

© S&P Capital IQ 2020
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Managers and Directors
Tsutomu Nagaoka President & Representative Director
Yukio Ohno Manager-Finance
Akira Nishikatsu Senior MD, GM-Sales, Head-Operations & Development
Yoshiyuki Taniguchi Representative Director & Head-Compliance
Yoshitaka Odagiri Managing Director & General Manager-Administration
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