Published on: Wednesday, March 20, 2024 Brother Announces Bid to Acquire Roland DG Corporation Following Roland DG’s recent announcement to delist from the Tokyo Stock Exchange and become a private company, Brother has put forward a bid to buy the company. Brother Industries has announced a decision to acquire the common shares of Roland DG Corporation through a tender offer. The company intends to make the tender offer in mid-May 2024, pending the fulfilment of all Conditions Precedent as per the Financial Instruments and Exchange Law. Brother intends to offer 165 yen per share more than the previous bid from the private company consortium, XYZ. Brother says this decision reflects confidence in the potential synergies and value creation that can result from the acquisition of Roland DG. This strategic move underscores Brother's vision for growth and expansion in the market, signalling a significant development in the industry landscape. The Tender Offer Period is planned to be set at 30 business days, longer than the minimum period required by law. This extended period aims to give ample time for the Roland DG board of directors to review and consult with Brother. Additionally, it is intended to allow shareholders of Roland DG sufficient time to make informed decisions. Previous Article Inaugural Sportswear Pro underway at FESPA Amsterdam Next Article Dale Hawkins appointed Managing Director of the new Zund Australia branch Print Rate this article: No rating