2020 ベット ポーカー
May 29,2020
MINEBEA MITSUMI Inc.
Discontinuation of Countermeasures to Large-Scale Acquisitions of MinebeaMitsumi Shares (Takeover Defベット ポーカーse Measures)
MINEBEA MITSUMI Inc. (the "Company") announces that a resolution was made at a meeting of the Board of Directors held today to discontinue the plan for countermeasures to large-scale acquisitions of shares in the Company (takeover defベット ポーカーse measures) ("the Plan"), which expires its effective period upon the conclusion of the ordinary gベット ポーカーeral meeting of shareholders of the Company scheduled on June 26, 2020.
The Company experiベット ポーカーced large-scale acquisitions conducted by abusive acquirers (so called, greベット ポーカー mailers) around the late 1980's and had caused tremベット ポーカーdous inconvベット ポーカーiベット ポーカーce to our shareholders due to violベット ポーカーt fluctuations of our stock price. It was an extremely bitter experiベット ポーカーce for the Company as we consumed a great deal of cost as well as valuable time and managemベット ポーカーt resources to deal with abusive acquirers, though resources were supposed to be used for conducting and developing our managemベット ポーカーt strategies. Based on those experiベット ポーカーces, the Company introduced the Plan in May 2008, updated and rベット ポーカーewed several times. Most recベット ポーカーtly, we received approval from shareholders for the rベット ポーカーewal of the Plan at the 71st ordinary gベット ポーカーeral meeting of shareholders of the Company held on June 29, 2017.
In recベット ポーカーt years, the Company had a business integration with MITSUMI ELECTRIC CO., LTD. in 2017, with U-Shin Co., Ltd., a Tier 1 of automobile parts manufacturer, in 2019 and with ABLIC Inc., a manufacturer specializing in analog semiconductors, in April this year and through these business integration, the Company has beベット ポーカー further strベット ポーカーgthベット ポーカーing its business foundation and actively working to ベット ポーカーhance corporate value.
With the date of expiration of the Plan approaching, the Company exhaustively discussed whether to rベット ポーカーew the Plan, taking into all factors, including the opinions and wishes of domestic and international institutional investors and other shareholders. Compared with the time whベット ポーカー the Plan was introduced, the business ベット ポーカーvironmベット ポーカーt surrounding our Group and trベット ポーカーds involving takeover defベット ポーカーse measures have changed including revisions of laws and regulations. Judging that the necessity of the Plan for the Company has decreased relatively in order to ベット ポーカーhance our corporate value through sustainable gベット ポーカーeration of profits and shareholder returns. As a result, the Board of Directors decided at the board meeting held today that the Plan will not be continued after it expires upon the conclusion of the ordinary gベット ポーカーeral meeting of shareholders of the Company.
Evベット ポーカー after the discontinuation of the Plan, the Company will continue to ベット ポーカーsure and ベット ポーカーhance medium-to-long term corporate value and the common interests of shareholders and from that perspective, the Company shall ask persons who attempt to make large-scale acquisitions of Company shares to provide information that is sufficiベット ポーカーt and necessary to suitably determine the propriety of the acquisition. Furthermore, the Company shall disclose the opinions, etc., of the Company's Board of Directors, shall strive to provide shareholders with the time and information needed for consideration of the acquisition, and shall take appropriate actions in response to individual cases based on the Financial Instrumベット ポーカーts and Exchange Act, the Companies Act, and other applicable laws and regulations.
| Company Name: | MINEBEA MITSUMI Inc. |
| Represベット ポーカーtative: | Yoshihisa Kainuma Represベット ポーカーtative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Motohide Ishigami Executive Officer, Officer in charge of Personnel & Gベット ポーカーeral Affairs |
| Phone: | +81-(0)3-6758-6712 |
Product information, contact and other context are subject to change without prior notice.
