Life Corporation's tender offer for Albis has succeeded, giving the supermarket operator 72.32% of the Toyama-based grocery chain for ¥22.85bn (about US$144m), Life said on 11 November 2026.
Deal terms and financing
Life offered ¥3,780 a share in cash from 9 September to 10 November. Holders tendered 6,045,556 shares, above the 4,171,200-share minimum, and Life will buy all of them. Mitsubishi Corporation, which owns 16.61%, had agreed not to tender. Life said it would carry out a squeeze-out after settlement so that only it and Mitsubishi remain as shareholders.
Regulatory approvals and timing
Settlement begins on 17 November 2026, when Albis becomes Life's consolidated subsidiary. Albis shares are expected to be delisted from the Tokyo Stock Exchange after the squeeze-out.
Market context
Life announced the offer on 8 September 2026 at a premium of about 51% to the previous close, as reported at the time.
