Oasis Management Comments on SHiDAX Going-Private Fairness Ruling

Oasis Management Company said Japan’s Tokyo District Court increased the fair share price for SHiDAX in a share purchase price determination proceeding tied to SHiDAX’s 2024 going-private transaction. The court rejected the JPY 800 tender offer price as fair and set the fair price at JPY 950 per share, criticizing the special committee’s independence and substantive negotiation protections for minority shareholders.