Pacific Industrial extends MBO tender offer period again
Pacific Industrial Co., Ltd. announced on October 8, 2025, an amendment regarding its MBO and tender recommendation. The change reflects CORE Inc.'s decision to extend the tender offer period to October 23, 2025, resulting in a total of 60 business days. This extension aims to provide shareholders with more opportunities to tender their shares and to increase the probability of the tender offer's successful completion.
The original tender offer period, which commenced on July 28, 2025, was initially extended to September 24, 2025, and then to October 8, 2025. With this latest amendment, the settlement of the tender offer is now scheduled for October 30, 2025, with squeeze-out procedures expected from late December 2025 to mid-February 2026. The tender offer price per share remains unchanged.
CORE Inc. confirmed the extension, stating the decision was made after carefully considering the application status from Pacific Industrial's shareholders, the outlook for future applications, and the need to achieve the tender offer's objectives smoothly. The extension also ensures a fair opportunity for all shareholders and potential competing acquisition offers.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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