Life Corporation
Announcement Regarding the Results of the Tender Offer for Albis Co., Ltd. (Securities Code: 7475) and Changes in a Subsidiary
Life Corporation's tender offer for Albis shares succeeded, with all target shares purchased. After the purchase, Albis will become a consolidated subsidiary of Life and proceed with delisting procedures. Settlement start date is November 17.
Key Figures
- Purchase Price: 3,780 yen
- Planned Number of Shares to be Purchased: 6,966,769 shares
- Number of Shares Acquired: 6,045,556 shares
AI要約
Results of the TOB and Next Steps
Life Corporation conducted a tender offer for Albis shares, and because the total number of shares tendered exceeded the minimum planned purchase amount, it decided to purchase all shares. The settlement start date is November 17, 2026. With the TOB's success, the target company will become a consolidated subsidiary of the offeror and is expected to proceed with delisting procedures.
Post-transaction Structure and Impact
After completion of the tender offer, the target company's shareholders will consist only of the offeror and the non-tendering shareholder(s) who have agreed not to tender, and delisting is planned following squeeze-out procedures. The target is headquartered in Toyama Prefecture and has operated a food supermarket business.
Life Corporation
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