Pressance Corp. to delist after Open House takeover

Pressance Corporation (TSE:3254) announced its shares will be delisted from the Tokyo Stock Exchange after Open House Group increased its ownership to 94.74% through a tender offer. Open House will acquire the remaining shares via a share sale demand at ¥2,390 per share. Pressance's board approved the transaction. The delisting is expected to occur on March 28, 2025, following a period of designation as a "security to be delisted". Open House Group plans to make Pressance a wholly-owned subsidiary to leverage synergies. The company believes the transaction benefits minority shareholders. Trading in Pressance shares will cease after the delisting date. The share sale is expected to finalize on April 1, 2025.