Fujitsu (6702)– Caught in a Bidding War

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Event-Driven

With Golden Week over, interest should revert to the <a href="https://www.smartkarma.com/entities/16968" target="_blank" data-smartkarma-citation="entities:16968:1">Fujitsu</a> vs Beji Sasaki bid for <a href="https://www.smartkarma.com/entities/1493" target="_blank" data-smartkarma-citation="entities:1493:1">Solekia</a>. 12th May sees the deadline for the Sasaki bid for Solekia. At ¥5,450, the tender offer is both above the Fujitsu bid (¥5,000), which expires on 10th May, and the current share price (¥5,300).As <a href="https://www.smartkarma.com/profiles/25" target="_blank" data-smartkarma-citation="accounts:25">Travis Lundy</a> has pointed out Fujitsu is bidding for all the shares, while Sasaki is bidding for a minority, leaving investors in something of a bind. It looks, at this point, that Sasaki may have miscalculated…

With Golden Week over, interest should revert to the Fujitsu vs Beji Sasaki bid for Solekia. 12th May sees the deadline for the Sasaki bid for Solekia. At ¥5,450, the tender offer is both above the Fujitsu bid (¥5,000), which expires on 10th May, and the current share price (¥5,300).As Travis Lundy has pointed out Fujitsu is bidding for all the shares, while Sasaki is bidding for a minority, leaving investors in something of a bind. It looks, at this point, that Sasaki may have miscalculated…

Solekia Ltd

Battle for Solekia - Deadlines Approach