Hakuhodo DY Holdings extends Digital Holdings tender offer, delays company split

Hakuhodo DY Holdings Inc. announced an extension of its tender offer period for shares of Digital Holdings, Inc. Initially set to conclude on November 12, 2025, the tender offer period will now extend until November 27, 2025, making the total period 50 business days. This decision aims to provide Digital Holdings' shareholders and stock acquisition rights holders with additional time to consider the offer and enhance the likelihood of a successful acquisition. The original tender offer commenced on September 12, 2025.

Concurrently, this extension has prompted a change in the effective date of a related company split (simplified absorption-type company split). Hakuhodo DY Holdings will acquire the rights and obligations pertaining to the shareholding business of Digital Holdings, Inc. from HIBC Co., Ltd. and Time & Space, Ltd. The effective date for these transfers has been moved from November 19, 2025, to December 4, 2025. This adjustment is necessary as the effectiveness of the company split was conditional upon the completion of the tender offer.

The extended tender offer period also pushes back the settlement commencement date from November 19, 2025, to December 4, 2025. Hakuhodo DY Holdings also noted a revised timeline for the extraordinary shareholders' meeting, which will now be held in early January 2026, to address potential share consolidation. The company states that these changes in the effective date of the company split will not affect its consolidated business performance.