Pacific Industrial MBO extended, offer price revised to 2,919 yen

CORE Co. announced a partial amendment to its MBO notice, extending the tender offer period for Pacific Industrial shares. The tender offer, initially set to close on November 21, 2025, has been extended to December 8, 2025. This extension follows a re-evaluation of Pacific Industrial's share value by Plutus Consulting Co., which provided a new valuation report on November 20, 2025.

The re-evaluation led to an increased tender offer price per share, from 2,050 yen to 2,919 yen. Plutus Consulting’s valuation range for Pacific Industrial shares is 1,317 yen to 1,461 yen under the market price method, 1,119 yen to 1,264 yen under the comparable company analysis method, and 1,773 yen to 2,453 yen under the DCF method.

The payment settlement date for the tender offer has also been adjusted, moving from December 1, 2025, to December 15, 2025. The squeeze-out procedure for remaining shares is now scheduled for February to late March 2026, shifting from the previous January to mid-March 2026 timeframe.