SBI Extends BASE Tender Offer to Oct 21 After Major Shareholder Resumes Buying

MT Newswires Live10-06

SBI (TYO:8473) has extended its tender offer for BASE (TYO:4477) shares for a total of 34 business days to Oct 21, according to a Tokyo bourse filing on Tuesday.

The extension follows notice that major shareholder Hiroyuki Maki will resume purchasing BASE shares from Oct 2, aiming to raise his stake above 30%.

SBI submitted an amendment statement to the Kanto Local Finance Bureau on Oct. 6 reflecting the corrected purchase period.

The offer price remains unchanged at 340 yen per share, with a maximum of 23.8 million shares sought to make BASE an equity-method affiliate.

Payment is now scheduled to begin Oct. 28, and no other conditions of the offer have been altered.

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