Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Tokyo Court Says Shidax Tender Undervalued the Firm in Rare Case
Business & Finance

Tokyo Court Says Shidax Tender Undervalued the Firm in Rare Case

Bloomberg Markets Friday 31 July 2026, 06:00 UTC By Takako Taniguchi 1 min read
Key Points

Tokyo Court Says Shidax Tender Undervalued the Firm in Rare Case The Tokyo District Court ruled that hospitality sector company Shidax Corp.’s tender offer in 2023 to go private undervalued its shares, in one of the still-rare cases in Japan of financial tussles between companies getting resolved by legal authorities. The appropriate price for the offer was around ¥950 ($5.91) per share, according to the court decision on July 23 that investment firm Oasis Management Co. released on Friday.

Tokyo Court Says Shidax Tender Undervalued the Firm in Rare Case The Tokyo District Court ruled that hospitality sector company Shidax Corp.’s tender offer in 2023 to go private undervalued its shares, in one of the still-rare cases in Japan of financial tussles between companies getting resolved by legal authorities. The appropriate price for the offer was around ¥950 ($5.91) per share, according to the court decision on July 23 that investment firm Oasis Management Co. released on Friday. Shidax’s founding family had offered ¥800 per share. Oasis-managed funds brought the suit.
Tokyo Court (ORG) Shidax Tender (PERSON) Rare Case Tokyo Court (ORG) Shidax Corp.’s (ORG) Japan (LOCATION) Oasis Management Co. (ORG) Shidax (PERSON) Oasis (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Retirement ages today vs the future: How long will Europeans work?

The retirement age in the EU for men will rise from 64.7 to 66.7 years by the late 2060s. For women, it will increase from 64 to 66.4 years. Around two-thirds of European countries are expected to raise the retirement age for men, while three-quarters will raise it for women.

Euronews 13m ago

Sainsbury's to sell Argos for £120m

Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.

BBC Business 18m ago

Chow Yun Fat slashes price of luxury Hong Kong mansion after nearly four years on market

The veteran Hong Kong actor has cut the asking price of his luxury Peak mansion after nearly four years on the market, with the property now listed for HK$160 million (US$20.4 million).

Channel News Asia 20m ago

Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack

Iran's army said on Friday it had launched attacks on strategic U.S. assets and military bases in Kuwait and Bahrain, following the latest wave of U.S. strikes against the Islamic Republic. Tehran said that it targeted aircraft shelters, satellite communication systems and equipment storage facilities used by the U.S. military at Kuwait's Ahmad al-Jaber Air Base in a drone strike, per state media. Iran's army also claimed Thursday to have attacked U.S. facilities at Sheikh Isa Air Base in...

CNBC 24m ago