CORE extends tender offer for Pacific Industrial after shareholder agreement

CORE Inc. has announced an extension of its tender offer for Pacific Industrial shares, shifting the period from July 28, 2025, to November 7, 2025, to July 28, 2025, to November 21, 2025. This decision follows an agreement on November 7, 2025, with PEC Holdings Corp., a Pacific Industrial shareholder, to tender all its shares. The settlement commencement date has also been adjusted from November 14, 2025, to December 1, 2025.

This extension aims to enhance the tender offer's success, building on a previous agreement with Giken, another significant shareholder, on October 23, 2025, to tender its shares. The tender offer, initiated on July 28, 2025, seeks to acquire all of Pacific Industrial's common shares and share acquisition rights to boost the target company's long-term corporate value.

Pacific Industrial's board maintains its recommendation for shareholders to tender their shares, citing the revised offer price of JPY 2,919 and the enhanced likelihood of the tender offer's completion as beneficial for general shareholders. The company continues to ensure fairness and transparency in the process.