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SEIBU HOLDINGS Subsidiary Launches TOB for e'grand at \4,858 Per Share, Aiming for Full Ownership

Tue Mar 31, 2026 5:10 pm JST Catalyst

SEIBU HOLDINGS INC. <9024> announced after the close of trading on the 31st that its subsidiary Seibu Real Estate will conduct a tender offer (TOB) for e'grand Co.,Ltd <3294> at \4,858 per share with the aim of making it a wholly owned subsidiary. After bringing e'grand, which operates a pre-owned housing renovation business, under its umbrella, SEIBU HOLDINGS will leverage the group's financing capabilities to expand the business.

The minimum number of shares to be purchased is set at 4,105,200 shares, with no upper limit. The tender offer period will run from April 1 to May 18. If the TOB is successful, e'grand is expected to be delisted following prescribed procedures. e'grand has expressed its support for the tender offer and recommended that its shareholders tender their shares. The Tokyo Stock Exchange designated e'grand as a security under supervision (confirmation in progress) as of the 31st.

Note: The symbol at the end of the title indicates an article containing multiple stock issues.

Source: MINKABU PRESS

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