Source disclosure: January 09, 2026
PACIFIC INDUSTRIAL CO.,LTD. [7250.T]
TOKYO — Pacific Industrial Co., Ltd., represented by President and CEO Tetsushi Ogawa (code number 7250 on the Tokyo Stock Exchange Prime Market and Nagoya Stock Exchange Premier), announced changes to its previous tender offer announcement related to management buyout (MBO). The company made this disclosure through a press release dated January 9, 2026.
The original announcement was first published on July 25, 2025, followed by several revisions and updates throughout the year until December 22, 2025. These modifications were necessitated due to recent developments involving Core Corporation's ongoing tender offer for Pacific Industrial shares. On January 9, 2026, Core Corporation revised the price per share from ¥2,919 to ¥3,036 as part of their tender offer. Additionally, Core Corporation reached an agreement with Effissimo Capital Management Pte. Ltd., which holds approximately 18.18% ownership in Pacific Industrial, equivalent to 10,504,500 shares. Under this agreement, Effissimo will not tender its shares but has committed to supporting the proposed share consolidation plan aimed at making Core Corporation the sole shareholder post-tender offer completion. As a result, the minimum acceptance threshold for the tender offer has been adjusted accordingly.
Pacific Industrial’s board reaffirmed its support for the tender offer following these changes. In a series of meetings held on July 25, 2025, October 23, 2025, and most recently on January 9, 2026, the company’s directors decided to maintain their recommendation that shareholders tender their shares based on the updated terms. This decision is grounded in the belief that the MBO process aligns with the best interests of all stakeholders involved. Furthermore, the company emphasized that it had secured unanimous approval from independent directors without any conflicts of interest, ensuring the fairness and integrity of the tender offer process. The tender period for the offer has been extended to January 26, 2026, totaling 119 business days.
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