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SoftBank's LY Corp to launch tender offer, AHD to participate

May 7, 2025 at 12:02 PM UTC•By FilingReader AI

SoftBank Corp (TSE:9434) announced that its subsidiary, LY Corporation (Securities code: 4689), will acquire its own shares via a tender offer. The decision was made at LY Corporation's Board of Directors meeting on May 7, 2025. In related news, A Holdings Corporation, another SoftBank subsidiary and owner of 62.45% of LY's shares, has entered into a tender offer agreement with LY Corporation, committing to tender 175,750,470 of its LY common shares at JPY 533 per share.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Notice Concerning Acquisition of Own Shares and Commencement of Tender Offer by a Subsidiary (LY) and Submission of Tender by Subsidiary (A Holdings)May 7, 2025 at 06:30 AM UTC

Supplementary Source Documents

Notice regarding the acquisition of treasury stock by our subsidiary (LINE Yahoo Japan Corporation) and the tender offer for treasury stock, and the tender offer by our subsidiary (A Holdings Corporation)May 7, 2025 at 06:33 AM UTC

Softbank Corp

TSE:9434•Tokyo Stock Exchange

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