Taisei Corporation agreed to acquire a 50.1% stake in P.S. Mitsubishi Construction Co., Ltd. (TSE : 1871) in a tender offer for ¥24 billion on November 9, 2023. Under the terms, ¥1,010 per share will be paid in cash. Offer period is from November 10, 2023 to December 11, 2023.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor and Anderson Mori & Tomotsune LPC acted as legal advisor to P.S. Mitsubishi. TMI Associates acted as legal advisor to Taisei Corporation (TSE:1801)