We want a fair deal for Alpine’s minority shareholders

Overview

On July 27, 2017, Alps Electric Co. Ltd (6770 JP) announced  its plans to takeover Alpine Electronics Inc. (6816 JP) effective January 1, 2019 at an exchange ratio of 0.68 shares of Alps for every one (1) share of Alpine that they do not already own (Alps owned 40.43% of Alpine before this offer).  The offer valued shareholder’s shares at ¥2,108 on the day after the announcement.  Alpine minority investors are not getting a fair deal.

Alpine’s shares are worth in excess of JPY4,000 per share -- well above the current implied value of just JPY1,724 per share.

 

What can you do about it?

It is now time for Alpine’s minority shareholders to stand up to Alpine and Alps and demand a fair deal. We recommend the following:

  1. Send letters to Alpine and Alps telling them of your dissatisfaction with the offer price.
  2. Sign up for the latest updates from Oasis below to help stay informed.
  3. Attend the Alpine EGM in mid-December 2018 – ensure now through your broker or custodian that you own the shares in your own name so that you can attend the AGM.
  4. Talk to us.  What do you think?  We want to hear from you. We are reachable at protectalpine@oasiscm.com

              

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