{"schemaVersion":1,"@context":"https://schema.org","@type":"Article","identifier":"2013_307","headline":"米久のTOB・MBO事例：三菱商事（2013-01-18公表・2013年収録）","description":"米久へのTOBは、三菱商事が持分法会社を完全子会社にはせず、上場を残したまま連結支配へ引き上げる案件だった。950円に11,230,914株が応募し所有割合71.24％となったため、食肉バリューチェーンの統合と市場規律の併存を狙う設計といえる。","canonicalUrl":"https://tobradar.com/tob/deals/2013-307/","machineReadableUrl":"https://tobradar.com/tob-data/cases/2013-307.json","catalogUrl":"https://tobradar.com/tob-data/cases.json","inLanguage":"ja","datePublished":"2026-07-16","dateModified":"2026-07-16","dataUpdatedAt":"2026-08-01T14:11:04.353Z","author":{"@type":"Person","name":"noru","url":"https://tobradar.com/about/"},"citation":[{"@type":"CreativeWork","identifier":"s307-start","name":"米久の株券等に対する公開買付届出書","url":"https://f.irbank.net/pdf/E02529/etc/S000CNGG.pdf","sameAs":"https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S000CNGG.pdf","datePublished":"2013-01-21","publisher":{"@type":"Organization","name":"三菱商事・金融庁EDINET"}},{"@type":"CreativeWork","identifier":"s307-correction","name":"米久の株券等に対する公開買付届出書の訂正届出書","url":"https://f.irbank.net/pdf/E02529/etc/S000CQ8A.pdf","sameAs":"https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S000CQ8A.pdf","datePublished":"2013-02-05","publisher":{"@type":"Organization","name":"三菱商事・金融庁EDINET"}},{"@type":"CreativeWork","identifier":"s307-result","name":"米久の株券等に対する公開買付報告書","url":"https://f.irbank.net/pdf/E02529/etc/S000CXZ1.pdf","sameAs":"https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S000CXZ1.pdf","datePublished":"2013-02-21","publisher":{"@type":"Organization","name":"三菱商事・金融庁EDINET"}}],"recommendedCitation":"TOBレーダー「米久のTOB・MBO事例：三菱商事（2013-01-18公表・2013年収録）」noru、記事確認 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とも整合する。","evidence":["f307-price","f307-opinion"]},"shareholderAngle":{"text":"応募しない株主は上場株を保有し続けられるが、親会社の議決権が7割を超えた後は重要議案への影響力が限られる。応募株主には即時のプレミアム、残留株主には調達・海外展開のシナジー余地があり、どちらが有利かは統合後の利益配分に依存する。","evidence":["f307-price","f307-terms","f307-opinion"]},"outcomeAssessment":{"text":"11,230,914株の取得で連結子会社化は達成され、上場廃止を伴わない支配権移行として成立した。食肉原料の共同調達や販路拡大が利益率へ反映されたか、親子間取引が公正だったかは、報告書だけでは判断できない。","evidence":["f307-result","f307-ownership","f307-structure"]},"limitations":[{"text":"一次資料は開始、所有状況の訂正、結果を確認した。TOB後の上場維持期間、流通株式比率、三菱商事との取引条件、海外展開の実績、連結後の利益率は調査対象外であり、シナジー評価は公表時の計画に基づく。","evidence":["f307-structure","f307-result"]}]}}}