e'grand hits daily limit high on bid approaching TOB price set by SEIBU HOLDINGS subsidiary

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Wed Apr 1, 2026 9:39 am JST Catalyst

e'grand Co.,Ltd <3294> opened with a buy-dominated indication at \2,316, up \400 from the previous trading day, hitting the daily limit high. After the close of trading on the 31st, Seibu Real Estate, a subsidiary of SEIBU HOLDINGS INC. <9024>, announced it would launch a tender offer (TOB) for e'grand at \4,858 per share, aiming to make it a wholly owned subsidiary. e'grand's share price is moving to narrow the gap with the TOB price.

The minimum number of shares to be purchased is set at 4,105,200 shares, with no upper limit. The tender offer period runs from April 1 to May 18. If the TOB is successfully completed, e'grand is expected to be delisted following prescribed procedures. e'grand expressed its support for the TOB and recommended that shareholders tender their shares. The Tokyo Stock Exchange designated e'grand as a security under supervision (confirmation pending) as of the 31st. Seibu Real Estate plans to bring e'grand, which operates a renovated housing business, under its umbrella and leverage the SEIBU HOLDINGS Group's fundraising capabilities to expand the business.

(Note) The "◇" symbol at the end of the title indicates that this article contains multiple stock issues.

Source: MINKABU PRESS