Taiwan's Yageo raises offer price for Japan's Shibaura to 6,635 yen/share to outbid rival

Minebea Mitsumi

21/08/2025 08:25

TOKYO, Aug 21 (Reuters) - Taiwan's Yageo 2327.TW on Thursday raised its tender offer price for Japan's Shibaura Electronics 6957.T to 6,635 yen a share, after counter-bidder Minebea Mitsumi 6479.T last week matched its previous offer of 6,200 yen.

At the new price, Yageo will spend 101 billion yen ($684.5 million) for thermistor maker Shibaura, up from 94 billion yen, it said in a regulatory filing.

Yageo also extended its offer period to September 4 from August 28.

($1 = 147.5500 yen)

 (Reporting by Kantaro Komiya; Editing by Christopher Cushing)

 ((kantaro.komiya@thomsonreuters.com; X: @kantarokomiya;))