As announced by
The Company continued to consider the appropriateness of the Original Opinion as to whether or not to recommend to the shareholders to tender their shares in the Tender Offer, on which the Company refrained from making a decision in the Original Opinion, in light of the purposes of the Transaction and any additional circumstances surrounding the Company which may have subsequently arisen. The Company hereby announces that the Company resolved, as its current opinion, at the Board of Directors' meeting held today, having considered the opinions of the Special Committee established by the Company (for details, please refer to 'ii. Company's Establishment of Independent Special Committee and Obtainment of Report from the Special Committee' of '6. Measures to Ensure Fairness of the Tender
With respect to the commencement of the Tender Offer, procedures under the applicable Japanese and overseas competition laws and regulations and investment control laws and regulations, which are required for implementation of the Transaction are still in progress, and the Tender Offer has not yet commenced as of today. At the Board of Directors' meeting held today, it was also resolved that (i) during the period from today to the commencement of the Tender Offer, the Company will request the Special Committee to consider whether there are any changes in its opinions reported by the Special Committee to the Board of Directors as of today and if there are no changes, to make a statement to that effect, and if there are any changes, to state such changes and issue a further opinion, and (ii) upon considering such opinions of the Special Committee, the Company will again express an opinion on the Tender Offer at the time of the commencement of the Tender Offer.
This disclosure material may include statements concerning future prospects such as 'expect,' 'forecast,' 'intend,' 'plan,' 'be convinced,' and 'estimate,' including those concerning the future business of the Tender Offeror and other companies and entities. These statements are based on the current business prospects of the Tender Offeror and may change depending on future developments. The Tender Offeror is not obligated to update statements concerning future prospects to reflect actual business results or other various developments, changes to the conditions, or other related factors. This disclosure material includes 'forward-looking statements' as defined in Section 27A of the
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