Kadoya Sesame's Buyout Price Hinges on Whether Mitsubishi and Mitsui Sell Out
Integral's buyout vehicle has launched a ¥2,514-a-share tender offer for Kadoya Sesame Mills, Japan's leading sesame-oil maker, but the final payout to shareholders depends on whether Mitsubishi Corporation and Mitsui & Co., which together hold nearly half the stock, agree to exit through a separate share buyback rather than tendering, an arrangement that could lift the price as high as ¥2,760.