Mitsubishi Pulls Offer to Raise Thai Union Stake
September 30, 2025 | 1 min to read
Thai Union Group said Mitsubishi Corp.’s bid to lift its stake to 20% stalled after failing to meet the minimum acceptance condition. In a Stock Exchange of Thailand filing, the seafood company reported Mitsubishi informed it the offer lapsed because shareholders tendered fewer shares than the required threshold.
Thai Union Group said a bid by Japanese conglomerate Mitsubishi Corp. to increase its stake in the seafood giant has hit a roadblock.
The offer by Mitsubishi to raise its interest in Thai Union to 20% – reported in August – fell short of the minimum acceptance condition, according to the seafood company.
In a filing with the Stock Exchange of Thailand (29 September), Thai Union said it had been informed by Mitsubishi that the offer lapsed because the number of shares tendered by shareholders during the offer period did not reach the required threshold.
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