Pacific Industrial Co., Ltd.
Announcement Regarding the Result of the Tender Offer by CORE Corporation for Our Shares and Changes in Parent Company and Major Shareholder
The tender offer by CORE Corporation for 31,938,413 shares of Taiheiyo Industrial Co., Ltd. was successful, resulting in a change of the largest shareholder as of 2026-02-02, with a planned delisting.
Key Figures
- Number of Shares Tendered: 31,938,413 shares (exceeding lower limit of planned acquisition of 25,337,400 shares)
- Tender Offer Price: 3,036 yen per common share
- Tender Offeror's Voting Rights Ownership Ratio: 55.26% (as of 2026-02-02)
AI要約
Regarding the Result of the Tender Offer
CORE Corporation conducted a tender offer for common shares and stock acquisition rights of Taiheiyo Industrial Co., Ltd. from 2025-07-28 to 2026-01-26. A total of 31,938,413 shares were tendered, exceeding the lower limit of the planned acquisition of 25,337,400 shares, thus the offer was successful. The acquisition price is 3,036 yen per common share, and all tendered shares will be acquired.
Changes in Parent Company and Major Shareholders and Future Outlook
As of the settlement start date of 2026-02-02, the tender offeror CORE Corporation will become the largest shareholder and parent company of Taiheiyo Industrial Co., Ltd., holding a voting rights ownership ratio of 55.26%. Meanwhile, the former largest shareholder, Effissimo Capital Management PTE LTD, will cease to be the largest shareholder. The tender offeror is proceeding with procedures to make the tender offeror the sole shareholder of the company. Consequently, in accordance with the delisting criteria of the Tokyo Stock Exchange and Nagoya Stock Exchange, the company is expected to be delisted.
