Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank : Change to the Attachment of Commencement of Tender Offer by a Subsidiary, SoftBank Corp. for Share Certificates of eMnet Japan

06/11/2021 | 02:32am EDT

June 4, 2021

SoftBank Group Corp.

Change to the Attachment of "Commencement of Tender Offer by a Subsidiary (SoftBank Corp.) for Share Certificates, etc. of eMnet Japan co. ltd. (Securities Code: 7036)"

SoftBank Group Corp. ("SBG") announced today that it has changed a part of the content of the document titled "Notice Concerning the Commencement of Tender Offer for the Share Certificates, etc. of, eMnet Japan co. ltd. (Securities Code: 7036) and Execution of a Capital and Business Alliance Agreement", which was attached to SBG's announcement titled "Commencement of Tender Offer by a Subsidiary (SoftBank Corp.) for Share Certificates, etc. of eMnet Japan co. ltd. (Securities Code: 7036)" dated May 21, 2021, as set out in the attached.

[Attachment]

June 4, 2021

SoftBank Corp.

(Amendment) Notice Concerning Changes to "Notice Concerning the Commencement of Tender Offer for the

Share Certificates, etc. of, eMnet Japan Co., Ltd. (Securities Code: 7036) and Execution of a Capital and Business Alliance Agreement" and Changes to the Public Notice of Commencement of the Tender Offer following Submission of Amendment of Tender Offer Statement

SoftBank Corp. (hereinafter, the "Tender Offeror") hereby announces, in regard to the tender offer (hereinafter, the "Tender Offer") for the share certificates of eMnet Japan Co., Ltd. (Securities Code: 7036) (hereinafter, the "Target Company,") listed on the Mothers Market of the Tokyo Stock Exchange, Inc. pursuant to the Financial Instruments and Exchange Act (Act No.25 of 1948, as amended; hereinafter, the "Act"), that with the receipt of a notification from the Japan Fair Trade Commission stating no intention to issue a Cease and Desist Order, several items in the Tender Offer Statement pertaining to the Tender Offer came to require amendment, and on June 4, 2021, the Tender Offeror therefore submitted the Amendment of the Tender Offer Statement to the Director-General of the Kanto Local Finance Bureau in accordance with the provisions of Article 27- 8, Paragraph 2 of the Act.

Accordingly, the Tender Offeror announces that "Notice Concerning the Commencement of Tender Offer for the Share Certificates, etc. of, eMnet Japan Co., Ltd. (Securities Code: 7036) and Execution of a Capital and Business Alliance Agreement" dated May 21, 2021 and the Public Notice of Commencement of Tender Offer dated May 24, 2021 have been changed as follows.

Please note that the following changes do not consist any change of the terms of purchase defined in Article 27-3, Paragraph

1 of the Act.

  1. Changes to "Notice Concerning the Commencement of Tender Offer for the Share Certificates, etc. of, eMnet Japan Co., Ltd. (Securities Code: 7036) and Execution of a Capital and Business Alliance Agreement" dated May 21, 2021

"Notice Concerning the Commencement of Tender Offer for the Share Certificates, etc. of, eMnet Japan Co., Ltd. (Securities Code: 7036) and Execution of a Capital and Business Alliance Agreement" dated May 21, 2021 was changed as follows. The changed sections have been underlined.

2. Summary of the Purchase

  1. Other Conditions and Methods of Purchase
  • Conditions to Withdrawal of the Tender Offer and Details Thereof; Method of Disclosure of Withdrawal of the Tender Offer

Before change

The Tender Offer may be withdrawn upon the occurrence of any event listed in sub-items (a) through (j) and sub-items (m) through (s) of Article 14, Paragraph 1, Item 1 and sub-items (a) through (h) and (j) of Article 14, Paragraph 1, Item 3; and Item 4 of Article 14, Paragraph 1; and items 3 through 6 of Article 14, Paragraph 2 of the Enforcement Order. Further, the "matters equivalent to the matters listed in sub-items (a) through (i)" as set out in Sub-item (j) of Item 3 of Article 14, Paragraph 1 of the Enforcement Order signify any cases where it is found that a statutory disclosure document submitted in the past by the Target Company contains a false statement

1

about a material matter or an omission of a material matter required to be stated.

Additionally, in accordance with Article 10, Paragraph 2 of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Act No. 54 of 1947, as amended; the "Anti-monopoly Act"), prior to the acquisition of the Target Company Shares through the Tender Offer (the "Share Acquisition"), prior notice of plans concerning the Share Acquisition must be given to the Japan Fair Trade Commission (Such notice shall be referred to as the "Prior Notice," hereinafter.). Under Article 10, Paragraph 8 of the Anti-monopoly Act, the Share Acquisition may not be undertaken until 30 days after the day the Prior Notice was received, in principle (In some cases, the period may be shortened.) (The period during which the Share Acquisition is prohibited shall be referred to as the "Acquisition Prohibition Period" hereinafter).

Furthermore, Article 10, Paragraph 1 of the Anti-monopoly Act prohibits any act of acquiring the shares of any other company if its acquisition would effectively restrain competition in any particular field of trade. The Japan Fair Trade Commission may order the necessary measures to eliminate the act in violation of such prohibition (Article 17-2, Paragraph 1 of the Anti-monopoly Act; referred to as a "Cease and Desist Order" hereinafter). If the Japan Fair Trade Commission intends to issue a Cease and Desist Order in cases where the Prior Notice described above is given, it must conduct a hearing of opinions with the would-be addressee of the Cease and Desist Order (Article 49 of the Anti-monopoly Act). In advance of such a hearing, the Japan Fair Trade Commission must notify the would-be addressee of the expected content of the Cease and Desist Order and related matters (Article 50, Paragraph 1 of the Anti-monopoly Act; hereinafter, the "Prior Notice of Cease and Desist Order"). The Prior Notice of Cease and Desist Order against the plans concerning the Share Acquisition pertaining to the Prior Notice must be made within a certain period of time (In principle, 30 days from the date on which the Prior Notice above was received; however, the period might be extended or shortened; hereinafter, the "Cease and Desist Period") (Article 10, Paragraph 9 of the Anti-monopoly Act). If the Japan Fair Trade Commission decides not to issue the Prior Notice of Cease and Desist Order, it will provide notice to that effect (hereinafter, the "Notice of Decision Not to Issue Cease and Desist Order") (Article 9 of the Rules on Applications for Approval, Reporting, Notification, etc. Pursuant to the Provisions of Articles 9 to 16 of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Japan Fair Trade Commission Rule No.1 of 1953, as amended).

The Tender Offeror submitted Prior Notice concerning the Share Acquisition to the Japan Fair Trade Commission on May 19, 2021, and it was received on the same day. Therefore, in principle, the Cease and Desist Period in which the Prior Notice of Cease and Desist Order may be made and the Acquisition Prohibition Period are scheduled to expire upon the passing of June 18, 2021.

If (i) the Cease and Desist Period does not expire by the day before the expiration date of the Tender Offer Period (including in any case where this period is extended); (ii) the Prior Notice of Cease and Desist Order is given, or (iii) the Tender Offeror is subject to a petition for a court order for emergency suspension on suspicion of violating the provisions of Article 10, Paragraph 1 of the Anti-monopoly Act, the Tender Offeror may withdraw the Tender Offer as a case where "approval, etc." as set forth in Article 14, Paragraph 1, Item 4 of the Enforcement Order could not be obtained.

Should the Tender Offeror intend to withdraw the Tender Offer, the Tender Offeror will issue electronic public notice thereof and make an announcement to that effect in the Nihon Keizai Shimbun; provided, however, that if it is difficult to issue such notice by the last day of the Tender Offer Period, the Tender Offeror will make a public announcement in the manner as set forth in Article 20 of the Ordinance and issue the public notice immediately thereafter.

2

(After change)

The Tender Offer may be withdrawn upon the occurrence of any event listed in sub-items (a) through (j) and sub-items (m) through (s) of Article 14, Paragraph 1, Item 1 and sub-items (a) through (h) and (j) of Article 14, Paragraph 1, Item 3; and items 3 through 6 of Article 14, Paragraph 2 of the Enforcement Order. Further, the "matters equivalent to the matters listed in sub-items (a) through (i)" as set out in Sub-item (j) of Item 3 of Article 14, Paragraph 1 of the Enforcement Order signify any cases where it is found that a statutory disclosure document submitted in the past by the Target Company contains a false statement about a material matter or an omission of a material matter required to be stated.

Additionally, in accordance with Article 10, Paragraph 2 of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Act No. 54 of 1947, as amended; the "Anti-monopoly Act"), prior to the acquisition of the Target Company Shares through the Tender Offer (the "Share Acquisition"), prior notice of plans concerning the Share Acquisition must be given to the Japan Fair Trade Commission (Such notice shall be referred to as the "Prior Notice," hereinafter.). Under Article 10, Paragraph 8 of the Anti-monopoly Act, the Share Acquisition may not be undertaken until 30 days after the day the Prior Notice was received, in principle (In some cases, the period may be shortened.) (The period during which the Share Acquisition is prohibited shall be referred to as the "Acquisition Prohibition Period" hereinafter).

Furthermore, Article 10, Paragraph 1 of the Anti-monopoly Act prohibits any act of acquiring the shares of any other company if its acquisition would effectively restrain competition in any particular field of trade. The Japan Fair Trade Commission may order the necessary measures to eliminate the act in violation of such prohibition (Article 17-2, Paragraph 1 of the Anti-monopoly Act; referred to as a "Cease and Desist Order" hereinafter). If the Japan Fair Trade Commission intends to issue a Cease and Desist Order in cases where the Prior Notice described above is given, it must conduct a hearing of opinions with the would-be addressee of the Cease and Desist Order (Article 49 of the Anti-monopoly Act). In advance of such a hearing, the Japan Fair Trade Commission must notify the would-be addressee of the expected content of the Cease and Desist Order and related matters (Article 50, Paragraph 1 of the Anti-monopoly Act; hereinafter, the "Prior Notice of Cease and Desist Order"). The Prior Notice of Cease and Desist Order against the plans concerning the Share Acquisition pertaining to the Prior Notice must be made within a certain period of time (In principle, 30 days from the date on which the Prior Notice above was received; however, the period might be extended or shortened; hereinafter, the "Cease and Desist Period") (Article 10, Paragraph 9 of the Anti-monopoly Act). If the Japan Fair Trade Commission decides not to issue the Prior Notice of Cease and Desist Order, it will provide notice to that effect (hereinafter, the "Notice of Decision Not to Issue Cease and Desist Order") (Article 9 of the Rules on Applications for Approval, Reporting, Notification, etc. Pursuant to the Provisions of Articles 9 to 16 of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Japan Fair Trade Commission Rule No.1 of 1953, as amended).

The Tender Offeror submitted Prior Notice concerning the Share Acquisition to the Japan Fair Trade Commission on May 19, 2021, and it was received on the same day. Subsequently, the Tender Offeror received from the Japan Fair Trade Commission, on June 3, 2021, the "Notice of Non-Issuanceof Cease and Desist Order" dated June 2, 2021 regarding the Share Acquisition, and therefore the Cease and Desist Period has ended as of June 2, 2021. Furthermore, the Tender Offeror received from the Japan Fair Trade Commission, on June 3, 2021, the "Notice of Reduction of Prohibition Period for Acquisition" dated June 2, 2021 which indicated that the Prohibition Period for Acquisition was reduced from 30 days to 14 days, and the Prohibition Period for Acquisition was therefore expired at the end of June 2, 2021.

Should the Tender Offeror intend to withdraw the Tender Offer, the Tender Offeror will issue electronic public

3

notice thereof and make an announcement to that effect in the Nihon Keizai Shimbun; provided, however, that if it is difficult to issue such notice by the last day of the Tender Offer Period, the Tender Offeror will make an public announcement in the manner as set forth in Article 20 of the Ordinance and issue the public notice immediately thereafter.

  1. Changes to the Public Notice of Commencement of the Tender Offer dated May 24, 2021

The Public Notice of Commencement of the Tender Offer dated May 24, 2021 was changed as follows. The changed sections have been underlined.

2. Detail of the Tender Offer

(11) Other Conditions and Methods of Purchase

  • Conditions to Withdrawal of the Tender Offer and Details Thereof; Method of Disclosure of Withdrawal of the Tender Offer

Before change

The Tender Offer may be withdrawn upon the occurrence of any event listed in sub-items (a) through (j) and sub-items (m) through (s) of Article 14, Paragraph 1, Item 1 and sub-items (a) through (h) and (j) of Article 14, Paragraph 1, Item 3; and Item 4 of Article 14, Paragraph 1; and items 3 through 6 of Article 14, Paragraph 2 of the Enforcement Order of the Financial Instruments and Exchange Act (Government Ordinance No. 321 of 1965, as amended; the "Enforcement Order"). Further, the "matters equivalent to the matters listed in sub-items (a) through (i)" as set out in Sub-item (j) of Item 3 of Article 14, Paragraph 1 of the Enforcement Order signify any cases where it is found that a statutory disclosure document submitted in the past by the Target Company contains a false statement about a material matter or an omission of a material matter required to be stated.

Additionally, as described in "(2) Laws and Regulations that form the grounds for the Decision" in "6 Permission, etc. to Acquire Share Certificates" in "Part Ⅰ. Terms and Conditions of the Tender Offer" of the Tender Offer Registration Statement for the Tender Offer, in the event that, with respect to the Prior Notice submitted by the Tender Offeror tothe Japan Fair Trade Commission pursuant to Article 10, Paragraph 2 of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Act No. 54 of 1947, as amended; the "Anti-monopolyAct"), (i) the Cease and Desist Period does not expire by the day before the expiration date of the Tender Offer Period (including in any case where this period is extended); (ii) the Prior Notice of Cease and Desist Order is given, or (iii) the Tender Offeror is subject to a petition for a court order for emergency suspension on suspicion of violating the provisions of Article 10, Paragraph 1 of the Anti-monopolyAct, the Tender Offeror may withdraw the Tender Offer as a case where "approval, etc." as set forth in Article 14, Paragraph 1, Item 4 of the Enforcement Order could not be obtained.

Should the Tender Offeror intend to withdraw the Tender Offer, the Tender Offeror will issue electronic public notice thereof and make an announcement to that effect in the Nihon Keizai Shimbun; provided, however, that if it is difficult to issue such notice by the last day of the Tender Offer Period, the Tender Offeror will make a public announcement in the manner as set forth in Article 20 of the Cabinet Office Ordinance on Disclosure Required for Tender Offer for Share Certificates, etc. by Person Other than Issuer (Ordinance of the Ministry of Finance No. 38 of 1990)(hereinafter, the "Ordinance") and issue the public notice immediately thereafter.

After change

The Tender Offer may be withdrawn upon the occurrence of any event listed in sub-items (a) through (j) and

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

SoftBank Group Corporation published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 06:31:07 UTC.


© Publicnow 2021
All news about SOFTBANK GROUP CORP.
07/30Gopuff Reaches $15 Billion Valuation With $1 Billion From Blackstone, SoftBan..
DJ
07/30SOFTBANK : Q1 performance seen buoyed by China IPOs; crackdown clouds outlook
RE
07/29SOFTBANK : India equity deals set to pick up pace as investors hunt post-pandemi..
RE
07/29MARKET CHATTER : TikTok Owner Denies Using Face-Scanning Tech to Gather Personal..
MT
07/29M&G says $8.7 billion Morrisons bid doesn't reflect company's true value
RE
07/29M&G says $8.7 bln Morrisons bid doesn't reflect company's true value
RE
07/29UBER TECHNOLOGIES : Down 5% in Pre-Bell Thursday Amid Reports SoftBank Selling 4..
MT
07/29Today on Wall Street: GDP growth misses estimates
07/29Morrisons shareholder Schroders still mulling vote on Fortress takeover bid, ..
RE
07/29SOFTBANK : Nomura Adjusts SoftBank Group's Price Target to 10,440 Yen From 10,64..
MT
More news
Financials
Sales 2022 5 951 B 54 250 M 54 250 M
Net income 2022 1 054 B 9 609 M 9 609 M
Net Debt 2022 13 879 B 127 B 127 B
P/E ratio 2022 12,1x
Yield 2022 0,66%
Capitalization 11 712 B 107 B 107 B
EV / Sales 2022 4,30x
EV / Sales 2023 4,15x
Nbr of Employees 58 786
Free-Float 49,4%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 837,00 JPY
Average target price 11 266,93 JPY
Spread / Average Target 64,8%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-15.15%106 707
AT&T INC.-2.47%200 273
T-MOBILE US6.80%179 572
KDDI CORPORATION8.68%68 520
AMÉRICA MÓVIL, S.A.B. DE C.V.15.11%55 374
VODAFONE GROUP PLC-3.94%44 873