ã¡ãã£ã¢èšäº
TOBã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã矩ååãéèåºæ€èš
ããºãææ°ããŒã¯ 993
twitterã³ã¡ã³ã 62ä»¶äž 1ïœ62件
ãããããŒãã¯ã©ããªããã ããïŒ
ãä»åã®èŠçŽãã§ã¯åžå Žã®å
å€ãåããã3åã®1ãè¶
ããå Žåã¯TOBã矩åä»ããããšãæ€èšãããã
ä»åã®èŠçŽãã§ã¯åžå Žã®å
å€ãåããã3åã®1ãè¶
ããå Žåã¯TOBã矩åä»ããããšãæ€èšããã
ãµãã
»
»
ããã決ãŸããšãè
ãç³»ã¢ã¯ãã£ãã¹ãã¯ä»äºãããã¥ãããªãããã§ããw
ããªãšã¢ã³ããããã³æŸéæ ªãè²·ãéããæ以æ¥17幎ã¶ãã®æ¹æ£ãïŒïŒ
éèåºãæè¿æŽ»çºããªã
éèåºãæè¿æŽ»çºããªã
äŒç€Ÿãå®ããããããªããå人æè³å®¶å«ããã®ä»å€§å¢ã®æ ªäž»ãå®ãã£ãŠèŠ³ç¹ã§ãªãã·ã£ã¹ðž
ãŸãçè«è²ã®ã«ãŒã«ã«ãªãããã§ãã
éã«åžå Žå
è²·ãäžãããæªçšããçµå¶æ¯é
æš©ã®å¥ªåã«ã¡ã¹ãå
¥ããŸããïŒð€
TOBæ³å¶ã欧å·åãžãåç· åœ¹ã®äžç«çŸ©åã課ãããŠããªãæ¥æ¬ã®äŒç€Ÿæ³å¶ãå€äŸæ³çã®ååã«æ³šç®ã
å°æ¥äœå¹Žæãã£ãŠã§ãå¿
èŠãªéé¡ã確ä¿ããŠäžã®äººã«éæ³ãªå«ããããããæ瀟ãtobããŠå®å
šã«ç Žå£ããèšç»ããããã©ãã®èŠå¶æãããšæ³šæãå¿
èŠã«ãªãããâ?
ããã£ãŠãªããªã倧ããªå€åãã
ã¢ãžã¢éçºã®ä»¶ã§æã£ãã®ã¯ããã«ããã¯ãœãŒã¹ä»¥æ¥äœãå€ãã£ãŠããªããã ãªãšããããšãåžæ³å€æã§åŒ·å§æ§ãå®çŸ©ãããIRãžã£ãã³ãäžå¿ã«PRäŒç€Ÿãã¡ãã£ã¢æ»æã§äžè«åœ¢æãšããæ¯åºŠã®ãã¿ãŒã³ãæ³æŽåãé
ããããã ãããããšæ¥æ¬ã¯æ ªäž»ã®æš©å©ãç°åžžãªã»ã©åŒ·ãã®ãåå ã
TOB矩åã®å¯Ÿè±¡æ¡å€§
ææ¥ããã¯TOBææã§éæãã§ãã¯ããŠããããšæããŸãã
ææ¥ããã¯TOBææã§éæãã§ãã¯ããŠããããšæããŸãã
æµ·å€ãã¡ã³ãã«ããæ°Žé¢äžã§ã®æµå¯ŸçTOB察çãæ¬å¿ã
æ¥ããŒãŒãŒïŒïŒïŒïŒïŒâŠ
TâïžBææã®ä»ä»ãäžæ°ã«æåŸ å€æ¿é«ã«ãªãããã§ããïŒïŒïŒïŒ
ææ¥ããã¹ããŒãžèŠããæ¯è²ãå€ãããããªäºæãèŽããŸãð€
TâïžBææã®ä»ä»ãäžæ°ã«æåŸ å€æ¿é«ã«ãªãããã§ããïŒïŒïŒïŒ
ææ¥ããã¹ããŒãžèŠããæ¯è²ãå€ãããããªäºæãèŽããŸãð€
è±åœã¯30%è¶
ãã倧éè²·ãä»ãã«ã€ããŠãåžå Žå
å€ãåããTOBã矩åä»ããŠããã»ãããã®å Žåãå¿åãã£ãæ ªåŒãã¹ãŠãè²·ãä»ãã矩åã課ããŠãããæ¥æ¬ã¯3åã®2以äžã®è²·åã«éã£ãŠããããããããäžé£ã®æ°å€èŠå¶ã劥åœãã©ãããè°è«ãããâããã3åã®1以äžã«åãããã¹ã
âåžå Žå
ã§æ ªåŒãè²·ãé²ããå Žåã«ããTOBã®å®æœã矩åä»ããæ¹åã§è°è«ãããè²·ãæã®æå³ãåãããªããŸãŸã«å€§éã®æ ªåŒãååŸãããäºæ
ãé²ããååŒã®éææ§ãšå
¬å¹³æ§ãé«ããâ
æµåæ§ã®æå¶ã«ãªãããã
æµåæ§ãæžããšããããšã¯ãæ ªäŸ¡ãäžããããããªãïŒé¡æïŒ
æµåæ§ãæžããšããããšã¯ãæ ªäŸ¡ãäžããããããªãïŒé¡æïŒ
ã¡ããšæ°ã«ãªããæŒã®ãã¥ãŒã¹ð§
éèåºè²ã åããŠãŸããïŒ
éèåºè²ã åããŠãŸããïŒ
è²·ãæã®æå³ãåãããªããŸãŸã«å€§éã®æ ªåŒãååŸãããäºæ
ãé²ããååŒã®éææ§ãšå
¬å¹³æ§ãé«ããã17幎ã¶ãã«å¶åºŠãç·ç¹æ€ããæ³æ¹æ£ãèŠéã«å
¥ããã
ææ©çã®å€§é空売ãã«ãã矩ååãããïŒ
ä»åã®èŠçŽãã§ã¯åžå Žã®å
å€ãåãããææå²åã3åã®1ãè¶
ããå Žåã¯TOBã矩åä»ããããšãæ€èšãããäŒç€Ÿæ³ã¯3åã®1以äžã®æ ªäž»ã«æ ªäž»ç·äŒã®ç¹å¥æ±ºè°ã®æåŠæš©ãäžããŠãããäŒç€Ÿçµå¶ã«åœ±é¿åãè¡äœ¿ã§ããäŒç€Ÿãç¡èŠã§ããªããªãã
ã»ã»ãã©ã¹ã®çŸ©ååæ¡åŒµã§ã¯ããïŒ
éèåºã¯ ã®å®æœãå¿
èŠã«ãªãååŒã®å¯Ÿè±¡ãæ¡å€§ããæ¹éã瀺ãããè²·ãæã®æå³ãåãããªããŸãŸã«å€§éã®æ ªåŒãååŸãããäºæ
ãé²ããååŒã®éææ§ãšå
¬å¹³æ§ãé«ããç®çã§ãæ³æ¹æ£ãèŠéã«é²ããŠãããã ã
âãããŸã§ã¯åžå Žå€ã§ã®æ ªåŒã®å€§éååŸã察象ã ã£ããåžå Žå
ã§æ ªåŒãè²·ãé²ããå Žåã«ãTOBã®å®æœã矩åä»ããæ¹åã§è°è«
âè²·ãæã®æå³ãåãããªããŸãŸã«å€§éã®æ ªåŒãååŸãããäºæ ãé²ãååŒã®éææ§ãšå ¬å¹³æ§ãé«ãã
âè²·ãæã®æå³ãåãããªããŸãŸã«å€§éã®æ ªåŒãååŸãããäºæ ãé²ãååŒã®éææ§ãšå ¬å¹³æ§ãé«ãã
åžå Žå
3åã®1ãè¶ ãã
3åã®1ãè¶ ãã
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ãããããããŒãªãŒãã¶ãŒã¶ãŒ
TOBã®å¯Ÿè±¡ããåžå Žå
å€ãã«æ¡å€§ã
ãã®æã®æ³æ¹æ£ã¯ã察ççæ³ããªã®ã§å
·äœçãªå«ããªå¥Žã念é ã«çœ®ãããã®ã«ãªããã¢ãžã¢éçºãã£ãã¿ã«ïŒå®éã¯3åã®1æåã§ã¹ããããããïŒãïŒæäžãã¡ã³ãçã®éã²ããã¡ã³ãã®ã©ã¡ãã
誰åŸïŒ
äžç°èšŒåžã§ãããïŒ
äžç°èšŒåžã§ãããïŒ
IRãžã£ãã³ãã¢ããã€ã¶ãªãŒæ¥åã§è²·ããå
¥ã£ãŠããªãä»ãããããã ãã©
è²·ãæã®æå³ãåãããªããŸãŸã«å€§éã®æ ªåŒãååŸãããäºæ
ãé²ã
17幎ã¶ãã«å¶åºŠãç·ç¹æ€ããæ³æ¹æ£ãèŠéã«
17幎ã¶ãã«å¶åºŠãç·ç¹æ€ããæ³æ¹æ£ãèŠéã«
æ¥æ¬é»è§£ã®è²·åã§ã«ãŒã«ç¥ãããã£ãããå©ããã
ãããæœè¡ãããŠããããæ±ã©ãã¯ãå
¬éè²·ä»ã«ãªã£ãŠããã®ããª
å éä¿¡ã®ç¡éç ²è²·ããããã«åœãŠã¯ãŸããã
å éä¿¡ã®ç¡éç ²è²·ããããã«åœãŠã¯ãŸããã
åžå Žå
ã§ã®ååŸãTOBèŠå¶ã®1/3ã«ãŒã«ã®å¯Ÿè±¡ãšãªãããšã«ãªãã°ãã€ã³ãã¯ãã®ããæ¹æ£ã§ãããåžå Žå
è²·ãäžããã®åŒ·å§æ§ã«ã€ããŠãäžå®çšåºŠæåœããããããšã«ãªããŸãã
èšãã®ãããŒã
匷å§ã£ãŠã¯ãŒãããã
ãªãããã£ãã®ã§ãããïŒ
PBR1å以äžã®éæèŠæ³šèŠ
TOBé¢é£ã®NOTåèãäœåºŠã²ããŠãèŠããããªã匷å¶TOBã®æ¥éãªè²·ä»ãèŠä»¶ãšããªããªãã®ããª
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ããã©ããªãïŒ
é¶çŽ°å人ã¯è¯ããšããŠã倧å£ãè²·ãã«å ¥ãã¥ããããã
é¶çŽ°å人ã¯è¯ããšããŠã倧å£ãè²·ãã«å ¥ãã¥ããããã
ãªããšãªãçããããããŸããâŠâŠã
èšäºã¯ãã¡ã
ãŒ
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ãŒ
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
æãç©Žãã€ããŠæªçšããããã§ã¯ãªããã«ãŒã«éãããããã ããªã®ã«ãª/
TOBã®å¯Ÿè±¡æ¡å€§ãååã¯ã©ã€ããã¢ãåžå Žå å€ã®ååŒãçµã¿åãããããã³æŸéãè²·åããããšãåããå¶åºŠã®æãç©Žãåãã
TOBã®å¯Ÿè±¡æ¡å€§ãååã¯ã©ã€ããã¢ãåžå Žå å€ã®ååŒãçµã¿åãããããã³æŸéãè²·åããããšãåããå¶åºŠã®æãç©Žãåãã
>æµå¯Ÿçãªè²·åãå·¡ã£ãŠã¯ã匷å§æ§ããšåŒã°ããå°æ°æ ªäž»ä¿è·ãå·¡ãåé¡ãææãããŠãããæ¯é
æš©ãæã£ãŠããæ ªäž»ãšæã£ãŠããªãäžè¬æ ªäž»ã®éã«ã¯äžå®ã®äŸ¡æ Œãæ瀺ããŠè²·åãžã®è³åŠãåã£ãŠããæ¯é
æš©ãè¡äœ¿ã§ããªãå°æ°æ ªäž»ã¯æèŠãéãã«ãããªãã
ð€ð€ð€
ð€ð€ð€
ã¡ããã¡ãããããããªããç«åå€ã®å£²è²·ãèŠå¶ããŒãã
ã€ãã§ã«æ ªåŒäº€æãçŠæ¢ã«ããªãïŒ
ã3åã®1ãè¶
ããå Žåã¯TOBã矩åä»ããããšãæ€èšãããã
ããããããPBR1å²ãã¯ãè²·åé²è¡ççŠæ¢ã«ããŠããïŒïŒ
17幎ã¶ãã®æ¹æ£æ€èš
IRæ åœè ã¯èŠãã§ãã¯ã§ãïŒ
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
IRæ åœè ã¯èŠãã§ãã¯ã§ãïŒ
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ã¢ã¯ãã£ãã¹ãã®ãªãã¡ãã£ãŠTOBãšãã¯ããã¥ãããªãããããªããïŒ
>ãããŸã§ã¯åžå Žå€ã§ã®æ ªåŒã®å€§éååŸã察象ã ã£ãããåžå Žå
ã§æ ªåŒãè²·ãé²ããå Žåã«ããTOBã®å®æœã矩åä»ããæ¹åã§è°è«ãã
äºåçéãã«èŠå¶ãå
¥ããåçªã«TOBçºè¡šã«ãªããšããããšãïŒ
æã«ã³ãã¡ã§èååŒè·å£«ã䞻匵ããŠãããªãããã«è¿ãããã«æããã
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
æã«ã³ãã¡ã§èååŒè·å£«ã䞻匵ããŠãããªãããã«è¿ãããã«æããã
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ããã¯å€§ããªå€åã«ãªãããã
åžå Žå
TOBã£ãŠäœã ã£ãŠã°ãïŒ
ãåžå ŽäŸ¡æ Œã§è²·ããŸãïŒãã£ãŠå«ã¶ã£ãŠããšïŒ
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ãåžå ŽäŸ¡æ Œã§è²·ããŸãïŒãã£ãŠå«ã¶ã£ãŠããšïŒ
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ãTOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èšã
ïŒTOBã«ãŒã«ã®æ¬æ ŒçãªèŠçŽãè°è«ã¯2006幎æ¹æ£ä»¥æ¥17幎ã¶ã / ä»åã®èŠçŽãã§ã¯åžå Žã®å å€ãåããã3åã®1ãè¶ ããå Žåã¯TOBã矩åä»ããããšãæ€èšãã
ïŒTOBã«ãŒã«ã®æ¬æ ŒçãªèŠçŽãè°è«ã¯2006幎æ¹æ£ä»¥æ¥17幎ã¶ã / ä»åã®èŠçŽãã§ã¯åžå Žã®å å€ãåããã3åã®1ãè¶ ããå Žåã¯TOBã矩åä»ããããšãæ€èšãã
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ãéèåºæ€èš
ãµã
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
TOB矩åã®å¯Ÿè±¡æ¡å€§ãåžå Žè²·ãä»ãã«ã éèåºæ€èš
ãããŸã§ã¯åžå Žå€ã§ã®æ ªåŒã®å€§éååŸã察象ã ã£ãããåžå Žå ã§æ ªåŒãè²·ãé²ããå Žåã«ããTOBã®å®æœã矩åä»ããæ¹åã§è°è«ããã
ãããŸã§ã¯åžå Žå€ã§ã®æ ªåŒã®å€§éååŸã察象ã ã£ãããåžå Žå ã§æ ªåŒãè²·ãé²ããå Žåã«ããTOBã®å®æœã矩åä»ããæ¹åã§è°è«ããã