Pacific Industrial extends MBO tender offer period

Pacific Industrial Co., Ltd. announced amendments to its MBO tender offer, extending the period to January 13, 2026, for a total of 110 business days. This follows an oral agreement with shareholder ONODEN Co., Ltd., which holds 247,382 shares (0.43% ownership), to tender all its shares in the offer, with an amendment filed on December 22, 2025.

The extension is intended to enhance the likelihood of a successful tender offer and allow all shareholders to assess the offer properly. The company emphasizes the offeror's commitment to respecting the decisions of minority shareholders by fulfilling the "Majority of Minority" condition.

As a result of the changes, the minimum number of shares planned for purchase now includes ONODEN's shares, with the ownership percentage for the "Majority of Minority" condition slightly adjusted to 43.43% (25,101,748 shares). Squeeze-out procedures are now scheduled from late March 2026 to mid-May 2026.