Market News
Mar. 24, 2017 TSE Designation of Securities Under Supervision (Confirmation): TASAKI & Co.,Ltd.
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
| １．Issue Name | TASAKI & Co.,Ltd. stock (Code:7968, Market Division: 1st Section) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) | From Mar. 24, 2017 (Fri.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Provision | Enforcement Rules for Securities Listing Regulations, Rule 605, Paragraph 1, Item 11 (Due to falling under a case where a resolution related to a merger was adopted at a board of directors meeting) |
| ３．Reason | At the board of directors meeting held today, TASAKI & Co.,Ltd. (hereinafter "the Company") adopted a resolution that indicated approval to a takeover bid to be made by Stardust Co.,Ltd (unlisted) (hereinafter "the bidder") for shares of the Company, which is premised on subsequent delisting of the shares. The Company has disclosed that, after the completion of the takeover bid, it will carry out a merger that involves cash payment, turning the bidder into the merging company and the Company into a merged company. If the merger, which will involve cash payment and dissolve the Company, is approved by a resolution at a shareholders meeting of the Company (or, in the event that a shareholders meeting is not required, if said merger is approved by a resolution of the board of directors meeting), then the stock of the Company will be deemed appropriate to be delisted. As such, based on this announcement, TSE deems that the stock of the Company is likely to be delisted, and designates such stocks as Securities Under Supervision (Confirmation). |
Designation History of Securities Under Supervision & Securities to Be Delisted
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