Pacific Industrial raises MBO tender offer price significantly to ¥2,919

Pacific Industrial Co., Ltd. announced an amendment to its management buyout (MBO) tender offer, increasing the tender offer price per ordinary share from ¥2,050 to ¥2,919. This revision aims to enhance the likelihood of the offer's successful completion and provide shareholders an opportunity to sell their shares at a higher price. The decision followed a request from the company and an oral agreement with Giken Kabushiki Kaisha, a shareholder holding 4.06% of shares, to tender all its shares.

The new tender offer price of ¥2,919 represents a premium of 99.79% over the closing price of ¥1,461 on July 24, 2025, and exceeds the company's net asset value per share of ¥2,877 as of June 30, 2025. The offeror, CORE Inc., filed an amendment to the tender offer notification and extended the tender offer period to November 7, 2025, resulting in a total offer duration of 70 business days.

The company's board of directors has resolved to maintain its support for the tender offer, recommending that shareholders tender their shares. This decision considers the increased price and the confirmed participation of a significant shareholder, which are expected to contribute to the enhancement of corporate value.