[Breaking News] Taiwan YAGEO announces "No Consent TOB" to Shibaura Electronics

Taiwan's major electronic components company YAGEO
will implement hostile TOB targeting Shibaura Electronics

YAGEO Corporation, a major Taiwanese electronic components company, announced that it will implement a tender offer (TOB) for Shibaura Electronics Co., Ltd. (TSE Standard 6957) starting May 7, 2025. The TOB price is 4,300 yen per share, and the company aims to acquire all shares .

no consent acquisition (hostile TOB) that has not been obtained from Shibaura Electronics , attention will be paid to future management responses and shareholder trends.

Overview of Shibaura Electronic TOB by YAGEO

YAGEO TOB objectives – Strengthening competitiveness in global markets

By making Shibaura Electronics a wholly owned subsidiary, YAGEO aims to strengthen its product portfolio , accelerate technological development , and expand its sales network In particular, the company aims to strengthen sales of Shibaura Electronics' main product, NTC thermistor, in the global market, and aims to expand its market share in the electronics industry.

YAGEO is a major manufacturer of electronic components that handles resistors, capacitors, inductors, and wireless components, and with this acquisition, it will be fully entering the temperature, humidity and wind speed sensor market.

What is Shibaura Electronics? – The world's leading company in temperature sensors

Shibaura Electronics (6957) is a sensor manufacturer that manufactures and sells thermistors and temperature, humidity and wind speed sensors. In particular, we have established mass production technology for glass sealing thermistors, and boasts the world's top market share.

Future focus – Shibaura Electronics' response and shareholder decisions

Shibaura Electronics received a TOB announcement without prior notice from YAGEO , and the future response of the board of directors will be attracting attention. From the perspective of improving corporate value, it is necessary to decide whether to agree with the TOB or take measures to combat it.

whether the purchase price of 4,300 yen per share is an important consideration. Be careful of stock prices trends too.

Focus on the outcome of hostile TOBs

YAGEO's non-consent TOB with Shibaura Electronics could have a major impact on the Japanese electronics industry. It will be interesting to see how Shibaura Electronics' management and shareholders will respond, and what the future developments will be.

We will continue to provide breaking news as new information comes in regarding TOB progress and Shibaura Electronics' response.

■News affiliates - Shibaura Electronics Co., Ltd.
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