Hulic Removes Lower Limit on Canadian Solar Fund Takeover Bid, Extends Offer Period

MT Newswires Live

Sep 03

Hulic Co. (TYO:3003) has amended its tender offer for Canadian Solar Infrastructure Fund (TYO:9284) by removing the lower limit on the number of investment units it seeks to purchase and extending the offer period to Sept. 18.

Despite this change, the bidder's maximum purchase target remains 85,885 units, aiming for a 20% stake to make the fund an equity-method affiliate, according to a Tokyo bourse filing on Wednesday.

The Investment Corporation Board of Directors has reaffirmed its support for the offer, maintaining a neutral stance on the 89,930 yen per unit price and leaving the decision to tender to individual unitholders.

The board continues to withhold an opinion on the price's fairness, noting it has not conducted an independent valuation.

The fund's units are expected to remain listed after the offer, as Hulic has no intention to delist them.

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(TYO:3003) has amended its tender offer for Canadian Solar Infrastructure Fund (TYO:9284) by removing the lower limit on the number of investment units it seeks to purchase and extending the offer period to Sept. 18.</p><p>Despite this change, the bidder's maximum purchase target remains 85,885 units, aiming for a 20% stake to make the fund an equity-method affiliate, according to a Tokyo bourse filing on Wednesday.</p><p>The Investment Corporation Board of Directors has reaffirmed its support for the offer, maintaining a neutral stance on the 89,930 yen per unit price and leaving the decision to tender to individual unitholders.</p><p>The board continues to withhold an opinion on the price's fairness, noting it has not conducted an independent valuation.</p><p>The fund's units are expected to remain listed after the offer, as Hulic has no intention to delist them.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4519","symbol_name":"光伏太阳能","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2564364821","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564364821","pubTimestamp":1756893518,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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