Core Viewpoint - The bid by Mitsubishi Corp. to increase its stake in Thai Union Group to 20% has been unsuccessful due to insufficient shareholder participation during the offer period [1][2]. Group 1: Offer Details - Mitsubishi aimed to acquire an additional 13.81% of Thai Union's shares, increasing its stake from 6.19% to 20% [3]. - The offer required at least 532.2 million shares to be tendered, which represents 11.95% of Thai Union's total issued shares [4]. - The offer was valued at Bt6.65 billion ($205 million) [4]. Group 2: Shareholder Response - The number of shares tendered did not meet the required threshold, leading to the automatic cancellation of the offer [2][5]. - Shareholders who tendered their shares will have them returned according to the procedures outlined in the offer document [4]. Group 3: Current Stake and Future Plans - Mitsubishi's stake in Thai Union remains at 238.7 million shares, which is 5.36% of total issued shares or 6.19% excluding treasury shares [5]. - Thai Union stated that the lapse of the offer will not impact its business plans or operations, and the collaboration between the two companies will continue [5][6]. - Mitsubishi remains committed to exploring growth opportunities and further collaboration through its existing shareholding [6].