CORE extends tender offer for Pacific Industrial shares after shareholder agreement

CORE Corporation has extended its tender offer for Pacific Industrial shares from December 22, 2025, to January 13, 2026, totaling 110 business days. This decision follows a verbal agreement on December 22, 2025, with Ono Electric Industry Co., Ltd., a Pacific Industrial shareholder, to tender all its shares and not withdraw the offer.

The payment commencement date for the tender offer has been revised from December 29, 2025, to January 20, 2026. This adjustment aims to enhance the tender offer's successful completion.

CORE Corporation's MBO, which seeks to acquire all Pacific Industrial shares, including those held by Ono Electric Industry, will now proceed with a revised timeline for the squeeze-out process, expected to be completed between late March and mid-May 2026.