Taiheiyo Cement completes tender offer for Pacific Systems, eyes delisting

Taiheiyo Cement Corporation announced the successful completion of its tender offer for shares of Pacific Systems Corporation. The offer, which ran from August 12 to September 24, 2025, resulted in the acquisition of 478,940 shares, exceeding the minimum threshold of 14,400 shares. This transaction increases Taiheiyo Cement's voting rights in Pacific Systems to 98.07% from 65.70% previously. The shares were purchased at JPY 6,850 per share.

Following the tender offer, Taiheiyo Cement plans to acquire all remaining Pacific Systems shares (excluding those held by Taiheiyo Cement and treasury shares). These actions are expected to lead to the delisting of Pacific Systems Corporation from the Tokyo Stock Exchange Standard Market, per established criteria. Settlement for the acquired shares will begin on September 30, 2025.

Taiheiyo Cement stated that its post-tender offer policies for Pacific Systems remain unchanged from those announced on August 8, 2025, with further details to be disclosed after discussions with Pacific Systems.