TMKR completes tender offer for Paramount Bed shares

TMKR Co., Ltd. successfully completed its tender offer for Paramount Bed Holdings Co., Ltd. common shares on November 17, 2025. TMKR will acquire 28,388,255 shares at a price of 3,530 yen per share, exceeding the minimum threshold of 20,486,500 shares. This transaction will result in TMKR Co., Ltd. becoming the new parent company and largest shareholder of Paramount Bed Holdings Co., Ltd., holding a 50.62% voting rights ownership.

Following the tender offer, TMKR's complete parent company, CTOK Co., Ltd., will also become a parent company of Paramount Bed Holdings, holding an indirect ownership through TMKR and a direct ownership of 7.61%, for a combined 58.22% voting rights ownership. The settlement for this tender offer is scheduled to commence on November 25, 2025.

The acquisition is expected to lead to the privatization and delisting of Paramount Bed Holdings shares from the Tokyo Stock Exchange Prime Market, with further details on the specific procedures and timing to be announced after discussions between the companies.