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Kamgras 1 lifts Kakaku.com tender price to ¥3,682, extends offer to Oct. 28

Wed, Oct 14, 2026 17:40 JST Kakaku.com, Inc. (2371.T) Internet services 中文

Kamgras 1 K.K. said on Oct. 14, 2026 it raised its tender offer price for Kakaku.com, Inc. (2371) to ¥3,682 per share from ¥3,681 and extended the offer period to Oct. 28, 2026, for a total of 115 business days.

Tender offer price¥3,682 per share (from ¥3,681)
Offer period endsOct. 28, 2026
Total offer period115 business days
KDDI price threshold¥3,756

The offer for Kakaku.com's common shares and stock acquisition rights began on May 13, 2026. The latest change follows a Sept. 29 revision that lifted the price to ¥3,681 from ¥3,680 and extended the period to Oct. 14, or 105 business days. As required by law, the period was extended by 10 business days from the Oct. 14 filing of an amended tender offer registration statement.

ItemBeforeAfter
Offer price¥3,681¥3,682
Period endsOct. 14, 2026Oct. 28, 2026
Total period105 business days115 business days
KDDI price threshold¥3,755¥3,756

In the amended filing, Kamgras 1 said a rival proposer, which has announced plans for its own tender offer, has changed its offer price to ¥3,597 and set a price of ¥3,720 conditional on reaching a non-tender agreement with KDDI. Under the tender offer agreement Kamgras 1 signed with Kakaku.com on May 12, 2026, Kakaku.com can endorse the rival offer and recommend shareholders tender only if its price is at least equal to Kamgras 1's price, now ¥3,682. Under KDDI's non-tender agreement, KDDI can respond to the rival offer only if it is at least 2% above Kamgras 1's price, a threshold that now stands at ¥3,756.

Kamgras 1 said the rival, despite having completed clearance procedures, changed the planned start of its offer from "mid-September 2026" to "undecided," and that its stance distorts shareholders' tender decisions and disrupts the market. Kamgras 1 added that Kakaku.com's share price was trading above the tender offer price as of Oct. 14.

The tender offer period now ends on Oct. 28, 2026, for a total of 115 business days.


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