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FINWIRES

MediPal Holdings Completes Tender Offer for Paltac

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MediPal Holdings (TYO:7459) said it completed its tender offer for Paltac (TYO:8283) on Tuesday, buying over 24.5 million shares for 162.70 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.

The Tokyo-listed company said that the offer launched on May 12 concluded on Tuesday, exceeding the minimum acceptance threshold of 8,676,100 shares priced at 6,650 yen per share.

The settlement of the offer is scheduled to begin on July 14, with payments to be made in cash. Following the settlement, the company is expected to hold 92.64% in Paltac.

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