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)

Taisei Corporation completed the acquisition of a 50.1% stake in P.S. Mitsubishi Construction Co., Ltd. (TSE : 1871) in a tender offer on December 11, 2023. Since the total number of shares tendered 34,366,845 shares exceeded the maximum number of shares to be acquired 23,790,501 shares, the Tender Offeror will not acquire all or part of the excess portion and delivery and other settlement procedures for the acquisition of shares will be conducted. Taisei Corporation acquired 23,790,587 shares in P.S. Mitsubishi.