CORE extends tender offer for Pacific Industrial through december

CORE Corporation, which began a tender offer for Pacific Industrial shares on July 28, 2025, has extended the offer period to December 22, 2025. This makes the total offer duration 100 business days. This decision follows an oral agreement with Asahi Kogyo, a Pacific Industrial shareholder, to tender all its shares and not withdraw the application. Consequently, the settlement start date for the tender offer has shifted from December 15, 2025, to December 29, 2025.

This extension aims to enhance the likelihood of the tender offer's success, ensuring shareholders and warrant holders have sufficient time to consider the offer. A squeeze-out procedure, including a share consolidation, is now anticipated to take place from mid-February to early April 2026. CORE Corporation will submit an amended tender offer registration statement to the Kanto Local Finance Bureau on December 8, 2025.

The minimum number of shares to be purchased in the tender offer remains 35,841,900 shares, representing a 62.02% ownership ratio. This threshold indicates that the tender offer will not be completed if the majority of minority shareholders do not approve, reflecting a commitment to respecting their will.