Kadoya maintains support for Integral bid after renewed takeover proposal
Kadoya Sesame Mills announced on November 6 that it had received a new tender-offer proposal, believed to be a renewed bid from J-Oil Mills. The proposed price was raised from September’s offer to ¥2,914–¥3,044 per share, depending on conditions. Kadoya maintained support for Integral Group’s ongoing tender offer and said the renewed proposal did not qualify as a competing offer under its agreement with Integral.