๐Ÿท๏ธ Tender Offers

TOB & MBO tender offers on Japanese equities โ€” live arb spreads and full deal history since 2021.

Source: TDNet signals ยท spread vs last close
Company Type Offer Last Spread Days Ann. IRR Deadline
5903 ยท ๏ผณ๏ผจ๏ผฉ๏ผฎ๏ผฐ๏ผฏ
MBO ยฅ1,700 ยฅ1,697 +0.18% 2d +38.0% 2026-06-15 โ€บ
7317 ยท ๏ผง๏ผๆพๅฑ‹๏ผฒ๏ผ†๏ผค
TOB ยฅ1,110 ยฅ1,101 +0.82% 2d +341.8% 2026-06-15 โ€บ
5016 ยท ๏ผช๏ผธ้‡‘ๅฑž
TOB ยฅ4,363 โ€” โ€” 4d โ€” 2026-06-17 โ€บ
7490 ยท ๆ—ฅๆ–ฐๅ•†
MBO ยฅ2,210 ยฅ2,206 +0.18% 9d +7.6% 2026-06-22 โ€บ
2180 ยท ใ‚ตใƒ‹ใƒผใ‚ตใ‚คใƒ‰ใ‚ขใƒƒใƒ—
TOB ยฅ1,320 ยฅ1,317 +0.23% 11d +7.8% 2026-06-24 โ€บ
โšก 1 activist filing(s) post-announcement METALART CORPORATION
5644 ยท ใƒกใ‚ฟใƒซใ‚ขใƒผใƒˆ
TOB ยฅ7,600 ยฅ7,620 -0.26% 12d -7.7% 2026-06-25 โ€บ
โšก 2 activist filing(s) post-announcement ยท credible blocking stake Shinko Shoji Co.,Ltd.
8141 ยท ๆ–ฐๅ…‰ๅ•†
TOB ยฅ1,580 ยฅ1,580 +0.00% 13d +0.0% 2026-06-26 โ€บ
1909 ยท ๆ—ฅๆœฌใƒ‰ใƒฉใ‚คใ‚ฑใƒŸใ‚ซใƒซ
TOB ยฅ3,730 ยฅ3,760 -0.80% 16d -16.7% 2026-06-29 โ€บ
โšก 2 activist filing(s) post-announcement ยท credible blocking stake Tohoku Steel Co.,Ltd.
5484 ยท ๆฑๅŒ—้‹ผ
TOB ยฅ4,491 ยฅ4,480 +0.25% 16d +5.8% 2026-06-29 โ€บ
7082 ยท ๏ผง๏ผใ‚ธใƒขใƒ†ใ‚ฃใƒผ
TOB ยฅ1,420 ยฅ1,417 +0.21% 16d +4.9% 2026-06-29 โ€บ
4171 ยท ใ‚ฐใƒญใƒผใƒใƒซ๏ผฉ
TOB ยฅ1,680 ยฅ1,676 +0.24% 18d +5.0% 2026-07-01 โ€บ
547A ยท ใƒ ใƒ‹ใƒŽใƒ๏ผจ๏ผค
TOB ยฅ257 ยฅ419 -38.66% 19d -100.0% 2026-07-02 โ€บ
โšก 1 activist filing(s) post-announcement ยท credible blocking stake Kakaku.com,Inc.
2371 ยท ใ‚ซใ‚ซใ‚ฏใ‚ณใƒ 
TOB ยฅ3,000 ยฅ3,307 -9.28% 19d -84.6% 2026-07-02 โ€บ
1948 ยท ๅผ˜้›ป็คพ
TOB ยฅ11,501 ยฅ11,480 +0.18% 23d +2.9% 2026-07-06 โ€บ
โšก ยท credible blocking stake MEDIPAL HOLDINGS CORPORATION
7459 ยท ใƒกใƒ‡ใ‚ฃใƒ‘ใƒซ
TOB ยฅ6,650 ยฅ2,638 +152.08% 24d +999.9% 2026-07-07 โ€บ
9691 ยท ไธกๆฏ›ใ‚ทใ‚นใƒ†ใƒ 
TOB ยฅ5,200 ยฅ5,180 +0.39% 25d +5.8% 2026-07-08 โ€บ
4800 ยท ใ‚ชใƒชใ‚ณใƒณ
MBO ยฅ1,332 ยฅ1,328 +0.30% 26d +4.3% 2026-07-09 โ€บ
โšก 1 activist filing(s) post-announcement ยท credible blocking stake nms Holdings Corporation
2162 ยท ๏ฝŽ๏ฝ๏ฝ“ใ€€๏ผจ๏ผค
TOB ยฅ540 ยฅ538 +0.37% 27d +5.1% 2026-07-10 โ€บ
7426 ยท ๅฑฑๅคง
TOB ยฅ601 ยฅ599 +0.33% 30d +4.1% 2026-07-13 โ€บ
3480 ยท ใ‚ธใ‚งใ‚คใƒปใ‚จใ‚นใƒปใƒ“ใƒผ
TOB ยฅ9,000 ยฅ6,930 +29.87% 44d +774.2% 2026-07-27 โ€บ