Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures.
The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025.
Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders on September 24, 2025.
AGS Corporation is a Japan-based company engaged in the information service business, including system consulting and outsourcing. The Company operates in four business segments. The Information Processing Service segment provides contract calculation services, data entry, printing and delivery services, Internet data center (IDC) services, cloud services, application service provider (ASP) services and business process outsourcing (BPO) services. The Software Development segment is engaged in the provision of system consulting service, customized development of application software, as well as the design and construction of networks. The Other Information Services segment sells and installs system package products, and provides other consulting service and staffing service. The System Device Sales segment is engaged in the selection and sale of computing devices, as well as the sale of peripheral equipment, supplies and computer forms.
