Yujin Co Ltd &
Tomy Co Ltd | Update Date: 07/16/08 |
| Date Announced: 03/18/08 |
Value (million $USD): 1.7 million U.S. Dollar
177.3 million Japanese Yen |
|
| Status: Pending | |
| TRANSACTION DETAILS |
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| Date Announced | 03/18/08 | | |
| Date Originally Announced | 03/18/08 | | |
| Format | Acq. Rem. Int. | Acquisition techniques | Stock Swap |
| Attitude | Friendly | Agency | n/a |
| Value | 1.7 million U.S. Dollar
177.3 million Japanese Yen | Advisor Fees | n/a |
| SYNOPSIS |
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| JAPAN - Tomy Co Ltd (TC), agreed to acquire the remaining 7.83% stake, or 1,549 ordinary shares outstanding, which it did not already own, in Yujin Co Ltd (YC), a manufacturer and wholesaler of "capsule" toys, in exchange for TC 246,291 ordinary shares, valued at 177.330 mil Japanese yen ($1.695 mil US). TC offered 159 ordinary shares per YC ordinary share. Based on TC's closing stock price of 720 yen ($6.880) on May 12, the last full trading day prior to announcement, each YC share was valued at 114,480 yen ($1,093.971). Prior to the transaction, TC raised its interest to 86.37% from 66.27% in YC via tender offer transaction |
| TARGET |
|---|
| Name | Yujin Co Ltd (Jasdaq : 7828) |
| Industries | Dolls and stuffed toys; Automatic vending machines; Commercial equipment, nec |
| City | Katsushika-Ku, Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Yujin Co Ltd, headquartered in Tokyo, Japan, manufactures and wholesales miniature "capsule" toys for selling in vending machines, and standard sized toys. The operations are carried out through the following divisions: Capsule Vending and Other Toy Related business. It is also engaged in the design, manufacture and sale of products in capsules. The company was founded in 1988. |
| Advisors | Akasaka International Tax & Co |
| Target Sales | 85.5 million U.S. Dollar
9.54 billion Japanese Yen |
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| ACQUIROR |
|---|
| Name | Tomy Co Ltd (Tokyo 1 : 7867) |
| Industries | Dolls and stuffed toys; Sporting and athletic goods, nec; Manufacturing industries, nec; Toys and hobby goods and supplies; Durable goods, nec; Coin-operated amusement devices; Amusement and recreation svcs; Motor vehicle parts and accessories; Automotive parts, supplies; Commercial art and graphic design; Architectural services; Business services, nec; Local trucking with storage; Computer programming services; Computer integrated systems design; Prepackaged Software |
| City | Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Tomy Co Ltd, is a manufacturer and wholesaler of toys such as railway toys, mini cars, game software, TV and video games and stuffed animals, headquartered in Tokyo, Japan. The operations are carried out through the following divisions: Toys, Amusement, Automobile parts and others. The Toys division designs, manufactures, imports, exports and sells toys such as baby toys, boys' toys, girls' toys, and hobby gifts. The Amusement division manufactures and sells amusement equipment and operates amusement facilities. The Automobile Parts division manufactures and sells automobile parts. The other businesses include design, logistics, contents businesses as well as planning, development and maintenance of information systems. The company was founded in 1953. |
| Advisors | Nikko Cordial Securities Inc |
| Acquiror Sales | 1.84 billion U.S. Dollar
205.94 billion Japanese Yen |
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