The proposed Share Exchange agreement undervalues your PanaHome shares by over 50%. It is time to Protect PanaHome's shareholders from this deal!
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Disclaimer

This website and the information contained within it (together referred to as "this website") is an information resource for shareholders in PanaHome Corporation (“PanaHome”).  Through this website shareholders can access information created by Oasis Management Company Ltd. ("Oasis"), the investment manager to the Oasis Investments II Master Fund Ltd. ("Oasis Fund"), related to the proposed Share Exchange agreed upon between Panasonic Corporation (“Panasonic”) and PanaHome.

 

The materials on this website include Oasis's opinion that for the protection of their economic interests, shareholders of PanaHome should reject the proposed Cash Offer of Y1,200 agreed upon between Panasonic and PanaHome by (a) expressing their dissenting view in response to the proposed Cash Offer of Y1,200 and (b) exercising their voting rights against the proposals at the EGM where where PanaHome management will seek special approval (no less than two thirds of the voting shares at present ) in the shareholders meeting.

 

Oasis encourages the minority shareholders to take these actions and protect their economic interests.

 

Oasis also encourages the minority shareholders to send their questions and suggestions to Oasis with respect to Oasis's opinion concerning the Cash Offer of Y1,200 and Oasis's valuation.  

 

However, in this website Oasis is by no means soliciting or requesting shareholders to jointly exercise their voting rights together with Oasis.  Shareholder that have an agreement to jointly exercise their voting rights are regarded as Joint Holders under the Japanese large shareholding disclosure rules and they must file notification of their aggregate share ownership with the relevant Japanese authority for public disclosure.


Oasis disclaims its intention to be treated as a Joint Holder with other shareholders under the Japanese Financial Instruments and Exchange Act by virtue of its act to express its view or opinion or other activities to engage in dialogue with other shareholders in or through this website.
 

This website exclusively represents the opinions, interpretations, and estimates of Oasis in relation to the Cash Offer of Y1,200.  Oasis is expressing those opinions solely in its capacity as an investment advisor to the Oasis Fund.
 

The materials on this website ("Materials") may not be relied on by any person for any purpose and are not, and should not be construed as investment, financial, legal, tax or other advice.
 

The Materials have been compiled based on publicly available information and do not purport to be complete or comprehensive; or constitute an agreement, offer, a solicitation of an offer, or any advice to enter into or conclude any transaction or take or refrain from taking any other course of action (whether on the terms shown therein or otherwise).

 

The Materials contain "forward-looking statements." Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "projects," "targets," "forecasts," "seeks," "could" or the negative of such terms or other variations on such terms or comparable terminology.  Similarly, statements that describe Oasis’s objectives, plans or goals are forward-looking.  Any forward-looking statements are based on Oasis’s current intent, belief, expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to differ materially.  Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.


Any representation, statement or opinion expressed or implied in any of the Materials is provided in good faith but only on the basis that no reliance will be placed on any of the contents therein. You should obtain your own professional advice and conduct your own independent evaluation with respect to the subject matter therein.  Oasis and its respective affiliates expressly disclaims any responsibility or liability for any loss howsoever arising from any use of or reliance on any of the Materials or any of their contents as a whole or in part by any person, or otherwise howsoever arising in connection with the same.  Oasis may without notice to any person change all or any part of the Materials, but is not under any obligation to provide any amended, updated or additional information or Materials or to correct any inaccuracies in the Materials.


In respect of the Materials which have been prepared by Oasis and which appear in the English language on this website, in the event of any inconsistency between the English language version and the Japanese language version, the meaning of the English language version shall prevail.
 

The Oasis Fund holds an aggregate long position in PanaHome of 4.9%.  As a result of its arrangements with the Oasis Fund, Oasis has a financial interest in the profitability of the Oasis Fund’s positions in PanaHome.


Neither PanaHome nor Panasonic have approved nor have any responsibility for this website or its contents. This website was last updated on August 9, 2017.  Oasis does not intend to update this website on a regular basis, but may from time to time add additional information as it becomes available.

 

Please note that this disclaimer may be altered or updated. You should read it in full each time you access this website.