Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 49 this week
A running index of tender offers and exchange offers covered in the Special Situations Digest: recent cash tender offers, exchange offers, and going-private tenders across global markets, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 22 countries. Earlier coverage includes 521+ additional situations from prior issues.
Tender offers are a classic event-driven setup: a defined offer price, a fixed expiration date, and clearly disclosed conditions. They take three primary forms: third-party tender offers (one company bidding for another), self-tender offers (companies buying back their own shares, often at a premium), and exchange offers (swapping one security for another). Each carries distinct arbitrage and odd-lot dynamics.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
Related: Odd-lot tender offers: how they work, and the offers open now.
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Italy 14 situations
Compagnia dei Caraibi S.p.A. TIME.MI (IT) · €0.40 · MCAP $7M · EV $18M
Tandem S.r.l. is conducting a voluntary tender offer for Compagnia dei Caraibi S.p.A.
Featured in Issue #29 · Aug 23, 2026
Banca Generali S.p.A. BGN.MI (IT) · €68.20 · MCAP $9.1B
Banca Monte dei Paschi di Siena launched an unsolicited voluntary exchange offer for 100% of Banca Generali S.p.A.
Featured in Issue #29 · Aug 23, 2026
Tinexta S.p.A. TNXT.MI (IT) · €15.04 · MCAP $807M · EV $1.3B
Zinc BidCo S.p.A. individually holds 69.57% of Tinexta S.p.A.
Featured in Issue #29 · Aug 23, 2026
Trevi-Finanziaria Industriale S.p.A. TFIN.MI (IT) · €4.65 · MCAP $356M · EV $466M
Webuild is launching a voluntary tender offer for all ordinary shares of Trevi-Finanziaria Industriale S.p.A.
Featured in Issue #29 · Aug 23, 2026
Telecom Italia TIT.MI (IT) · €7.65 · MCAP $19.0B · EV $33.7B
Poste Italiane's voluntary tender offer for Telecom Italia (TIT.MI) is barely subscribed at 1.6178% of covered securities.
Featured in Issue #29 · Aug 23, 2026
Reway Group S.p.A. RWY.MI (IT) · €10.10 · MCAP $454M · EV $530M
Rinova BidCo S.p.A. filed with CONSOB a mandatory full public tender offer for all ordinary shares of Reway Group S.p.A. not already held by the bidder.
Featured in Issue #29 · Aug 23, 2026
Compagnia dei Caraibi S.p.A. Società Benefit TIME.MI (IT) · EUR 0.40 · MCAP $7M · EV $18M
Tandem S.r.l. is conducting a voluntary full public tender offer for Compagnia dei Caraibi S.p.A.
Featured in Issue #28 · Aug 16, 2026
PLC S.p.A. PLC.MI (IT) · MCAP $107M
Pendant Power S.p.A. pledged 19,087,545 ordinary PLC shares, approximately 73.53% of share capital and voting rights, to Banco BPM S.p.A. as agent bank on 7 August 2026.
Featured in Issue #28 · Aug 16, 2026
Iveco Group IVG.MI (IT) · €13.95 · MCAP $4.3B · EV $8.5B
Tata Motors expects final regulatory approval for its proposed acquisition of Iveco Group, excluding the defence business, by end of August 2026.
Featured in Issue #28 · Aug 16, 2026
Haiki+ S.p.A. HIK.MI (IT) · EUR 0.88 · MCAP $131M · EV $223M
SG Holding S.r.l. is launching a voluntary full tender offer for Haiki+ S.p.a (HIK.MI) at a maximum price of €0.90 per share to consolidate control.
Featured in Issue #28 · Aug 16, 2026
Telecom Italia TITR.MI (IT) · MCAP $14.7B
Poste Italiane launched a mixed tender offer for Telecom Italia S.p.A.
Featured in Issue #28 · Aug 16, 2026
PLC S.p.A. PLC.MI (IT) · €3.10 · MCAP $93M · EV $63M
Fwd P/E: 9.3x · Fwd EV/EBITDA: 3.7x · Fwd EV/Sales: 0.5x · LTM EV/Sales: 0.6x · LTM EV/GP: 3.1x
PLC S.p.A. engages in the design, installation, and maintenance of electrical infrastructure and renewable energy production plants in Italy and internationally. The company builds, operates, and transfers turnkey plants; and provides inspection and repair of blades, replacement of major components.
Pendant Power Spa launched a mandatory tender offer for the remaining 26.5% of PLC S.p.A. (PLC.MI) at €3.08 per share in cash to facilitate a delisting. Pendant Power intends to exercise squeeze-out rights if ownership reaches 90% or otherwise pursue a merger to achieve delisting. The key arb question is whether the 90% squeeze-out threshold will be met.
Featured in Issue #27 · Aug 9, 2026
Telecom Italia TIT.MI (IT) · €7.59 · MCAP $24.0B · EV $38.5B
Fwd P/E: 31.9x · Fwd EV/EBITDA: 7.0x · Fwd EV/Sales: 2.3x · LTM EV/Sales: 2.4x · LTM EV/GP: 5.3x
Telecom Italia S.p.A., together with its subsidiaries, engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.
Poste Italiane launched a voluntary public exchange and tender offer for all ordinary shares of Telecom Italia (TIT.MI) valued at over €13B (~$15.0B). As of August 7, 26,040,553 shares have been tendered, representing an acceptance rate of 1.526 percent. The Telecom Italia board unanimously recommended acceptance on July 18 following fairness opinions from Evercore Partners and Goldman Sachs. The offer window remains open until September 11. The low early tender rate suggests the primary arb signal will be whether institutional flow accelerates before the September 11 deadline.
Featured in Issue #27 · Aug 9, 2026
Tinexta S.p.A. TNXT.MI (IT) · €15.00 · MCAP $796M · EV $1.3B
Fwd EV/Sales: 2.4x · LTM EV/Sales: 2.4x · LTM EV/GP: 11.6x
Tinexta S.p.A., together its subsidiaries, provides digital trust, cybersecurity, and business innovation services for citizens, professionals, institutions, and businesses in Italy, France, Spain, rest of the EU, the United Kingdom, the UAE, and internationally.
Zinc BidCo S.p.A. purchased 3,059 Tinexta shares on Euronext Milan at €15.00 (~$17) per share on 7 August 2026.
Featured in Issue #27 · Aug 9, 2026
Hong Kong 14 situations
Greentech Technology International Limited 195.HK (HK) · HK$0.28 · MCAP $48.8M
Yellowstone International Limited is making an unconditional voluntary cash partial offer via Quam Capital Limited to acquire up to 230,000,000 shares of Greentech Technology International Limited.
Featured in Issue #29 · Aug 23, 2026
Dida Inc. 2559.HK (HK) · HK$1.18 · MCAP $153M · EV -$58M
Offeror eLong, Inc. received valid acceptances for 910,755,954 shares, representing approximately 88.74% of Dida Inc.'s issued share capital.
Featured in Issue #29 · Aug 23, 2026
Wecon Holdings Limited 1793.HK (HK) · HK$1.05 · MCAP $107M · EV $81M
TalentPool Group Limited entered a non-binding MOU, for the possible purchase of a 75% controlling stake in Wecon Holdings Limited (1793.HK) from Triple Arch Limited.
Featured in Issue #29 · Aug 23, 2026
Sinofortune Financial Holdings Limited 8123.HK (HK) · HK$0.28 · MCAP $12M · EV $8M
WANG JIAWEI proposed to acquire a 26.50% stake in Sinofortune Financial Holdings Limited.
Featured in Issue #29 · Aug 23, 2026
Fineland Living Services Group Limited 9978.HK (HK) · HK$1.00 · MCAP $51M · EV $45M
Altus Investments Limited has extended the deadline to dispatch the composite document for a possible unconditional mandatory cash offer for all issued shares of Fineland Living Services Group Limited (9978).
Featured in Issue #29 · Aug 23, 2026
Max Sight Group Holdings Limited 8483.HK (HK) · HK$0.17 · MCAP $17M · EV $18M
CWT Limited is conducting a mandatory unconditional cash offer to acquire all issued shares of Max Sight Group Holdings Limited (8483.HK).
Featured in Issue #29 · Aug 23, 2026
Denox Environmental & Technology Holdings Limited 1452.HK (HK) · HK$0.16 · MCAP $12M · EV $4M
Denox Environmental & Technology Holdings Limited (1452.HK) is seeking a whitewash waiver to allow a share subscription that would result in a concert party holding approximately 59.33% of issued share capital without…
Featured in Issue #29 · Aug 23, 2026
China Tontine Wines Group Limited 389.HK (HK) · HK$0.36 · MCAP $14M · EV $18M
Mr. Wang He launched a pre-conditional voluntary cash partial offer for China Tontine Wines Group Limited (389.HK) to acquire 56,320,200 shares, representing approximately 18.68% of the company's issued shares.
Featured in Issue #28 · Aug 16, 2026
Sinofortune Financial Holdings Limited 8123.HK (HK) · MCAP $566K
Subscription Agreement completed on 13 August 2026; 215,499,000 Capitalisation Shares issued at HK$0.1 per share, setting off HK$21,549,900 (~$2.7M) of shareholder loans.
Featured in Issue #28 · Aug 16, 2026
Greentech Technology International Limited 195.HK (HK) · MCAP $6M
Yellowstone International Limited increased its cash tender offer for Greentech Technology International Limited (195.HK) to HK$0.55 per share to acquire up to 230,000,000 shares, or approximately 16.84% of the company.
Featured in Issue #28 · Aug 16, 2026
MS Group Holdings Limited 1451.HK (HK) · HKD 1.23 · MCAP $32M · EV $9M
L.V.E.P. Holdings Limited is seeking to extend the deadline to dispatch the Composite Document for its mandatory unconditional cash offer for MS Group Holdings Limited (1451.HK) to 31 August 2026.
Featured in Issue #28 · Aug 16, 2026
Max Sight Group Holdings Limited 8483.HK (HK) · HKD 0.17 · MCAP $17M · EV $18M
Max Sight Group Holdings Limited (8483.HK) issued a profit warning during a mandatory unconditional cash offer by CWT Limited.
Featured in Issue #28 · Aug 16, 2026
Dida Inc. 2559.HK (HK) · HK$1.39 · MCAP $180M · EV -$30M
Tongcheng Travel Holdings Limited increased its long position in Dida Inc. from 57.56% to 62.15%.
Featured in Issue #28 · Aug 16, 2026
IDT International Limited 167.HK (HK) · HK$6.22 · MCAP $412M · EV $409M
Fwd EV/Sales: 1.8x · LTM EV/Sales: 28.4x · LTM EV/GP: NM
IDT International Limited, an investment holding company, designs, develops, manufactures, sells, trades, and markets electronic products in the Mainland China, Asia Pacific, the United States, and Europe. The company offers GPS, payment, and health watches; RF wireless chargers.
(via Lego Securities Limited) for all issued shares of IDT International Limited was first announced on 29 June 2026. The despatch of the Composite Document was previously delayed to 10 August 2026; it is now further delayed to on or before 31 August 2026. The delay is to finalize the independent financial adviser's letter and to incorporate the company's interim results for the six months ended 30 June 2026, to be published in mid-August. The Executive has indicated it is minded to grant consent for the extension under Rule 8.2 of the Hong Kong Takeovers Code.
Featured in Issue #27 · Aug 9, 2026
United States 12 situations
Forte Biosciences, Inc. FBRX (US) · $76.92 · MCAP $1.9B · EV $1.7B
Avena Merger Sub Inc., a subsidiary of argenx BV, is offering to acquire all outstanding shares of Forte Biosciences, Inc. (FBRX) for $77.00 per share in cash.
Featured in Issue #29 · Aug 23, 2026
Yatra Online YTRA (US) · $0.97 · MCAP $57M · EV $80M
Magna Holdings launched an unsolicited tender offer to acquire up to 20 million shares of Yatra Online (YTRA) at $1.10 per share in cash.
Featured in Issue #29 · Aug 23, 2026
Forte Biosciences, Inc. FBRX (US) · $76.92 · MCAP $1.63B
Avena Merger Sub Inc., a wholly owned subsidiary of argenx BV, is offering $77.00 per share in cash for all outstanding Forte Biosciences common stock.
Featured in Issue #29 · Aug 23, 2026
Cavitation Technologies, Inc. CVAT (US) · $0.0389 · MCAP $12M · EV $13M
European Guarantee Services S.à.r.l. entered into a definitive agreement to acquire Cavitation Technologies, Inc. (CVAT) in a $35 million cash tender offer.
Featured in Issue #29 · Aug 23, 2026
Selectis Health, Inc. GBCS (US) · $5.42 · MCAP $16.6M
Black Pearl Equities, LLC extended its cash tender offer for all outstanding shares of Selectis Health, Inc. (GBCS) at $5.75 per share.
Featured in Issue #29 · Aug 23, 2026
Aurora Cannabis Inc. ACB (US) · $3.94 · MCAP $254M
Curaleaf Holdings, Inc. launched an unsolicited take-over bid for Aurora Cannabis Inc. (ACB) at an implied value of US$4.00 per share.
Featured in Issue #29 · Aug 23, 2026
Paramount Skydance Corporation PSKY (US) · $10.35 · MCAP $11.6B · EV $27.2B
Paramount Skydance Corporation (PSKY) extended the expiration dates for its previously announced exchange and tender offers to 5:00 p.m.
Featured in Issue #29 · Aug 23, 2026
Zoomcar Holdings, Inc. ZCAR (US) · $0.09
Zoomcar Holdings, Inc. (ZCAR) extended its warrant exchange offer to terminate on August 14, 2026.
Featured in Issue #28 · Aug 16, 2026
Banco Santander (Brasil) S.A. BSBR (US) · $5.77 · MCAP $21.5B
Banco Santander announced on July 30, 2026 its intention to make concurrent exchange offers in Brazil and the US to acquire all outstanding minority interest in Santander Brasil.
Featured in Issue #28 · Aug 16, 2026
Cementos Pacasmayo S.A.A. CPAC (US) · $11.86 · MCAP $1.0B · EV $1.4B
Holcim Ltd. faces a delay in its tender offer for Cementos Pacasmayo S.A.A.
Featured in Issue #28 · Aug 16, 2026
Destination XL Group, Inc. DXLG (US) · $0.64 · MCAP $35M
Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and footwear in the United States.
Zodiac Partners II, LLC and an acquisition entity of Camac Fund, LP made an unsolicited tender offer for all outstanding shares of Destination XL Group, Inc.
Featured in Issue #27 · Aug 9, 2026
Cementos Pacasmayo S.A.A. CPAC (US) · $11.76 · MCAP $1.0B · EV $1.4B
Fwd P/E: 12.9x · Fwd EV/EBITDA: 7.9x · Fwd EV/Sales: 2.1x · LTM EV/Sales: 2.1x · LTM EV/GP: 5.2x
Cementos Pacasmayo S.A.A. produces, distributes, and sells cement and cement-related materials in Peru. The company offers cement and concrete products for use in residential and commercial construction, and civil engineering; ready-mix concrete for use in construction sites.
Holcim Ltd. requested an extension to launch a mandatory tender offer for Cementos Pacasmayo S.A.A. (CPAC) following its indirect acquisition of a controlling stake. Holcim is seeking up to 60 business days from the appointment of a valuation entity, or 5 business days after the valuation report, whichever occurs first. The offer will be conducted through Inversiones ASPI S.A., which holds a 99.99% stake, for up to 100% of the remaining shares. A valuation entity to determine the minimum offer price has not yet been appointed. The extension signals that the Peruvian mandatory tender offer (OPA) process is moving, but the key price-setting step remains pending.
Featured in Issue #27 · Aug 9, 2026
India 10 situations
Kronox Lab Sciences Limited KRONOX.NS (IN) · ₹212.40 · MCAP $82.3M
The mandatory open offer is for up to 95,70,000 shares, representing 25.79% of voting share capital, at ₹157.27 per share.
Featured in Issue #29 · Aug 23, 2026
Jai Mata Glass Limited JAIMATAG.BO (IN) · ₹3.01 · MCAP $3.1M
Jai Mata Glass Limited (JAIMATAG.BO) is subject to a mandatory open offer for up to 26,000,000 shares at ₹1.85 per share in cash.
Featured in Issue #29 · Aug 23, 2026
The South India Paper Mills Limited STHINPA.BO (IN) · ₹117 · MCAP $23.0M
Nandini Modi and Kirit Modi launched a mandatory open offer for South India Paper Mills Ltd. (516108.BO) after executing a share purchase agreement for a 20.21% stake.
Featured in Issue #29 · Aug 23, 2026
TMT India Limited TMTIND.BO (IN) · ₹8.45 · MCAP $438K
Scaffold Properties acquired a 14.43% stake in TMT India Limited (TMTIND.BO) to consolidate its position ahead of a mandatory open offer.
Featured in Issue #29 · Aug 23, 2026
Jay Kailash Namkeen Limited JAYKAILASH.BO (IN) · ₹63.60 · MCAP $3.3M
Acquirer Mr. Amar Pramod Talwar is making an open offer for up to 21,76,540 equity shares, representing 26.00% of the emerging expanded fully diluted voting equity share capital.
Featured in Issue #29 · Aug 23, 2026
Jai Mata Glass Limited JAIMATAG.BO (IN) · ₹3.31
Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust are launching a mandatory open offer for Jai Mata Glass Ltd. (JAIMATAG.BO) to acquire up to 26% of equity shares.
Featured in Issue #28 · Aug 16, 2026
RR Metalmakers India Limited ESM (IN) · MCAP $6.3M
RB International Holdings Limited's offer follows a July 30, 2026 SPA acquiring 70.66% from promoters Virat Sevantilal Shah and Alok Virat Shah.
Featured in Issue #28 · Aug 16, 2026
ACI Infocom Limited ACIIN.BO (IN)
Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia are launching a mandatory tender offer for ACI Infocom Limited (ACIINFO.BO) to acquire up to 26% of the company's voting share capital.
Featured in Issue #28 · Aug 16, 2026
Kuber Udyog Limited KUBERJI.BO (IN) · ₹32.92
Kuber Udyog Limited (KUBERUDYOG.BO) is subject to a mandatory open offer after acquirers Manav Bahri, Dinesh Popli, and Ajay Dutta, along with PAC Trimudra Trade & Holdings Private Limited, crossed the 25% ownership…
Featured in Issue #28 · Aug 16, 2026
Kuber Udyog Limited KUBERJI.BO (IN) · ₹25.81
Kuber Udyog Limited, engaged in non-banking financial activities and trading company in India.
Acquirers Manav Bahri, Dinesh Popli, and Ajay Dutta, along with PAC Trimudra Trade & Holdings, are making a mandatory open offer for up to 26.00% of Kuber Udyog Limited. The open offer was triggered by a Share Sale & Subscription Agreement and a proposed preferential issue that will give the acquirers control of the target company. Systematix Corporate Services Limited is the manager to the offer.
Featured in Issue #27 · Aug 9, 2026
Japan 6 situations
Kakaku.com, Inc. 2371.T (JP) · ¥3,700.00 · MCAP $4.6B · EV $4.4B
Kakaku.com, Inc.: Kamgras 1 tender offer price is JPY 3,570 (~$22) per share, with the tender period running until August 27, 2026.
Featured in Issue #29 · Aug 23, 2026
Storage King Co., Ltd. 2997.T (JP) · ¥1,324.00 · MCAP $15M · EV $32M
Arealink acquired 84.14% of Storage King Co., Ltd. (2997.T) via a cash tender offer to take the company private.
Featured in Issue #29 · Aug 23, 2026
CAPITA Co., Ltd. 7462.T (JP) · JPY 393 · MCAP $20M · EV $30M
Momo no Ki Co., Ltd. commenced a tender offer for CAPITA Co., Ltd. (TSE Standard, code 7462) common shares on August 14, 2026.
Featured in Issue #28 · Aug 16, 2026
CE Holdings Co.,Ltd. 4320.T (JP) · JPY 1,648 · MCAP $172M · EV $148M
SK-03 Co., Ltd. launched a cash tender offer to take CE Holdings Co.,Ltd. (4320.T) private at ¥1,650 (~$10) per share.
Featured in Issue #28 · Aug 16, 2026
Satudora Holdings Co.,Ltd. 3544.T (JP) · JPY 1,249 · MCAP $108M · EV $195M
Terra Co., Ltd. acquired control of Satudora Holdings Co., Ltd. (3544.T) through a stock-based tender offer.
Featured in Issue #28 · Aug 16, 2026
Shinko Shoji Co., Ltd. 8141.T (JP) · ¥1,566.00 · MCAP $283M · EV $131M
Fwd EV/Sales: 0.1x · LTM EV/Sales: 0.2x · LTM EV/GP: 1.9x
Shinko Shoji Co., Ltd., together with its subsidiaries, engages in the import, export, and sale of electronic components in Japan, rest of Asia, North America, and Europe.
KITAI AND COMPANY, Limited Liability Company will transfer its shares of Shinko Shoji Co., Ltd. (8141) to Kaga Electronics Co., Ltd. following a completed tender offer. The filer entered into a tender agreement with Kaga Electronics Co., Ltd. on May 15, 2026, to tender all held shares. The transfer is scheduled for August 10, 2026. This filing reflects the settlement process of a large shareholding report.
Featured in Issue #27 · Aug 9, 2026
Australia 6 situations
Canyon Resources Limited CAY.AX (AU) · A$0.05 · MCAP $78M
A2MP Investments FZCO extended its off-market takeover bid for all ordinary shares of Canyon Resources Limited (CAY.AX) to 21 September 2026.
Featured in Issue #29 · Aug 23, 2026
Zuleika Gold Limited ZAG.AX (AU) · A$0.039 · MCAP $26M · EV $15M
CZR Resources Ltd is launching an off-market takeover bid for Zuleika Gold Limited (ZAG.AX) to acquire all ordinary shares.
Featured in Issue #29 · Aug 23, 2026
Kip McGrath Education Centres Limited KME.AX (AU) · A$0.72 · MCAP $27M · EV $25M
Crimson Consulting Australia Pty Ltd launched an off-market takeover bid for Kip McGrath Education Centres Limited (KME.AX) to acquire all securities not already owned by the bidder.
Featured in Issue #29 · Aug 23, 2026
Canyon Resources Limited CAY.AX (AU) · AUD 0.05 · MCAP $73M · EV $57M
A2MP Investments FZCO launched a cash off-market takeover bid for Canyon Resources Limited (CAY.AX) at A$0.05 per share to provide certain value over potential equity dilution.
Featured in Issue #28 · Aug 16, 2026
Zenith Minerals Limited ZNC.AX (AU) · A$0.09 · MCAP $38M · EV $32M
Forrestania Resources Limited extended its off-market takeover bid for Zenith Minerals Limited (ZNC.AX) for a fourth time to 5:00pm AWST on 31 August 2026.
Featured in Issue #28 · Aug 16, 2026
Reef Casino Trust RCT.AX (AU) · A$3.85 · MCAP $68M · EV $66M
Fwd P/E: 13.4x · Fwd EV/EBITDA: 4.9x · Fwd EV/Sales: 3.8x · LTM EV/Sales: 3.5x · LTM EV/GP: 3.9x
Reef Casino Trust operates as an owner and lessor of the Reef Hotel Casino complex located in Cairns in North Queensland, Australia. The company provides various dine options comprising Tamarind Restaurant, Soy Kitchen Street Food, Merchant Café.
Iris freed the offer from all remaining conditions on 6 August 2026, making it unconditional. Iris has acquired a relevant interest in more than 80% of RCT units and will not extend the offer beyond 7:00pm Sydney time on 14 August 2026. Iris intends compulsory acquisition if it reaches 90%.
Featured in Issue #27 · Aug 9, 2026
Norway 4 situations
Elmera Group ASA ELMRA.OL (NO) · NOK 45.60 · MCAP $537M · EV $670M
Fortum Consumer Solutions AS, wholly owned by Fortum Oyj, launched a recommended voluntary cash tender offer for all outstanding shares in Elmera Group ASA at NOK 47 per share.
Featured in Issue #29 · Aug 23, 2026
Elmera Group ASA ELMRA (NO) · NOK 45.35 · MCAP $534M
Fortum launched a recommended voluntary cash tender offer to acquire all outstanding shares of Elmera Group ASA (ELMRA.OL) at NOK 47 per share.
Featured in Issue #29 · Aug 23, 2026
Northern Ocean Ltd. NOL.OL (NO) · NOK 7.44 · MCAP $239M · EV $313M
Hemen Holding Limited crossed the 50% threshold on 9 July 2026, triggering a mandatory offer under Norwegian Securities Trading Act section 6-6.
Featured in Issue #28 · Aug 16, 2026
Elektroimportøren AS ELIMP.OL (NO) · NOK 21.70 · MCAP $116M · EV $168M
Fwd P/E: 12.3x · Fwd EV/EBITDA: 6.0x · Fwd EV/Sales: 0.8x · LTM EV/Sales: 0.9x · LTM EV/GP: 2.4x
Elektroimportøren AS, together with its subsidiaries, engages in the sale of electrical installation products to private and professional customers in Norway and Sweden.
Offeror Brødrene A. & O. Johansen A/S has received acceptances for at least 46,967,074 shares, representing approximately 92.5% of Elektroimportøren's issued and outstanding share capital. All closing conditions, including Norwegian Competition Authority approval, have been satisfied. The voluntary cash offer by Brødrene A. & O. Johansen A/S for all shares in Elektroimportøren AS expires today, 5 August 2026, at 16:30 CEST.
Featured in Issue #27 · Aug 9, 2026
South Korea 4 situations
Golfzon Holdings Co., Ltd. 121440.KQ (KR) · ₩7,730.00 · MCAP $216M · EV $336M
SJ Investment Holdings is tendering for 5,742,701 common shares (13.41% of total issued common shares) at KRW 6,700 per share in cash.
Featured in Issue #29 · Aug 23, 2026
Gabia 079940.KQ (KR) · ₩44,850.00 · MCAP $423M · EV $622M
Align Partners is challenging a take-private tender offer for Gabia (079940.KQ) by demanding an extraordinary general meeting to expand the board and appoint three independent directors.
Featured in Issue #29 · Aug 23, 2026
Refine Co., Ltd. 377450.KQ (KR) · ₩16,200.00 · MCAP $175M
Realty Fine Co., Ltd. is attempting to increase its stake in Refine Co., Ltd. (377450.KQ) from 47.96% to 77.96% via a cash tender offer.
Featured in Issue #29 · Aug 23, 2026
Korea Plasma Technology U Co.,Ltd 054410.KQ (KR) · ₩3,515.00 · MCAP $13M
Korea Plasma Technology U Co., Ltd. engages in the heat treatment, aluminum, extrusion mold, and corbolt business in South Korea. The company offers vacuum heat treatment, oxynitriding, plasma, gas nitriding, PVD coating, vacuum carburization, and aluminum extrusion mold products.
ALUTEC Co., Ltd., the largest shareholder of KPTU, increased the combined holding of Alutec and its special related parties from 3,219,444 to 3,543,539 shares (61.88% of issued shares; Alutec’s own stake reached 61.86%) via a public tender offer. The tender offer settled on August 6, 2026, with ALUTEC acquiring 324,095 shares at KRW 4,000 per share, for a total consideration of KRW 1,296,380,000 (~$915.7K) using retained funds. The filing states the purpose is to influence management rights, listing potential future actions including director appointments, dividend decisions, and M&A, though no specific current plans are disclosed. KPTU is a KOSDAQ-listed company with 5,726,444 total voting shares outstanding.
Featured in Issue #27 · Aug 9, 2026
Other markets 4 situations
Cavitation Technologies entered into a definitive tender offer agreement with European Guarantee Services S.à.r.l. on August 14, 2026.
Featured in Issue #29 · Aug 23, 2026
Manulife Private Credit Plus Fund launched a self-tender offer to repurchase up to $10.91 million of Class I shares to provide shareholder liquidity.
Featured in Issue #29 · Aug 23, 2026
Black Pearl Equities, LLC extended its cash tender offer for Selectis Health, Inc. (GBCS) to provide more time for shareholders to tender shares at $5.75 per share.
Featured in Issue #28 · Aug 16, 2026
Amsterdam1 Co., Ltd. and Amsterdam2 Co., Ltd. launched a cash tender offer for JPM Corporation at ¥1,860 (~$12) per share.
Featured in Issue #28 · Aug 16, 2026
New Zealand 4 situations
2 Cheap Cars Group Limited 2CC.NZ (NZ) · NZ$0.81 · MCAP $22M · EV $26M
Sena & Co Limited has increased its stake in 2 Cheap Cars Group Limited (2CC.NZ) to 79.936% following acceptances under its full takeover offer launched 27 July 2026.
Featured in Issue #29 · Aug 23, 2026
Bremworth Limited BRW.NZ (NZ) · NZ$0.72 · MCAP $29M · EV $19M
Mangawhai Collective Limited intends to acquire a controlling stake in Bremworth Limited (BRW.NZ) via a partial takeover offer.
Featured in Issue #29 · Aug 23, 2026
2 Cheap Cars Group Limited 2CC.NZ (NZ) · NZD 0.82 · MCAP $22M · EV $25M
Sena & Co extended its full takeover offer for 2 Cheap Cars Group Limited to 11.59pm on 23 September 2026.
Featured in Issue #28 · Aug 16, 2026
Bremworth Limited BRW.NZ (NZ) · NZD 0.72 · MCAP $29M · EV $19M
Mangawhai Collective Limited is considering a partial takeover offer for Bremworth Limited that would result in holding or controlling more than 50% and potentially up to 55% of voting rights.
Featured in Issue #28 · Aug 16, 2026
China 3 situations
Long Yuan Construction Group Co., Ltd. 600491.SS (CN) · ¥1.81 · MCAP $412M
Partial tender offer by Ningbo Kaihai for 91,786,000 shares, representing 6% of total share capital, at RMB 1.25 per share in cash.
Featured in Issue #29 · Aug 23, 2026
Willing New Energy Co., Ltd 002667.SZ (CN) · ¥19.21 · MCAP $745M
Tibet Shannan Antimony & Gold Resources Co., Ltd. launched a voluntary partial tender offer for up to 78,177,450 shares (30.00%) of Willing New Energy at RMB 18.00 per share.
Featured in Issue #29 · Aug 23, 2026
Long Yuan Construction Group Co., Ltd. 600491.SS (CN) · MCAP $50M
Ningbo Kaihai Self-Owned Capital Investment Development Co., Ltd. is conducting a partial tender offer for 6% of Longyuan Construction Group Co., Ltd. (600491.SS) to acquire 91,786,000 shares.
Featured in Issue #28 · Aug 16, 2026
Taiwan 3 situations
SYSTEX Corporation 6214.TW (TW) · TWD 179.50 · MCAP $1.5B · EV $1.4B
Taiwan Star Telecom (TSTAR) launched a mixed consideration tender offer for a strategic stake in SYSTEX Corporation (6214.TW) for a total value of NT$184.48 per share.
Featured in Issue #29 · Aug 23, 2026
Systex Corporation 6214.TW (TW) · TWD 172.00 · MCAP $1.5B · EV $1.3B
Taiwan Mobile is seeking a majority stake in Systex Corporation (6214.TW) via a mixed consideration tender offer valued at NT$29.1 billion.
Featured in Issue #28 · Aug 16, 2026
Synnex Technology International Corporation 2347.TW (TW) · MCAP $148M
Tai Hsin Telecom, a subsidiary of Taiwan Mobile (3045.TW), launched a public tender offer for Synnex Technology International Corporation to acquire up to 58% of the company.
Featured in Issue #28 · Aug 16, 2026
Finland 3 situations
Citycon Oyj CTY1S.HE (FI) · €2.90 · MCAP $623M · EV $2.8B
G City Ltd. commenced an unconditional voluntary public cash tender offer for all remaining Citycon shares on 6 July 2026.
Featured in Issue #29 · Aug 23, 2026
Oma Säästöpankki Oyj OMASP.HE (FI) · €16.90 · MCAP $650M
S-Bank launched a cash tender offer for Oma Säästöpankki Oyj (OMASP.HE) at EUR 17.20 (~$20) per share to acquire the company.
Featured in Issue #28 · Aug 16, 2026
Citycon Oyj CTY1S.HE (FI) · €2.91 · MCAP $618M · EV $2.8B
Fwd P/E: 7.0x · Fwd EV/EBITDA: 13.1x · Fwd EV/Sales: 8.0x · LTM EV/Sales: 8.0x · LTM EV/GP: 11.3x
Citycon Oyj, a real estate investment company, owns and develops mixed-use centers in Finland, Norway, Sweden, Denmark, and Estonia.
G City's voluntary unconditional cash tender offer for all remaining Citycon shares expired on 3 August 2026. 5,203,206 shares were validly tendered, representing approximately 2.8% of Citycon's shares and voting rights. G City and its subsidiary now hold 164,631,860 shares, approximately 89.68% of Citycon. A subsequent offer period runs from 6 August to 27 August 2026; all acceptances are binding and cannot be withdrawn.
Featured in Issue #27 · Aug 9, 2026
Brazil 2 situations
Brava Energia BRAV3.SA (BR) · R$18.80 · MCAP $1.7B · EV $4.5B
Ecopetrol launched a 2.7 billion reais (US$521 million) cash tender offer for additional shares in Brava Energia (BRAV3.SA) to increase its stake.
Featured in Issue #29 · Aug 23, 2026
Brava Energia S.A. BRAV3.SA (BR) · R$18.27 · MCAP $1.7B · EV $4.5B
Fwd P/E: 4.9x · Fwd EV/EBITDA: 3.5x · Fwd EV/Sales: 1.7x · LTM EV/Sales: 1.9x · LTM EV/GP: 6.7x
Brava Energia S.A. engages in the exploration and production of oil and natural gas in Brazil.
Ecopetrol's Brazilian subsidiary successfully completed the auction for the voluntary tender offer (OPAV) for Brava Energia on August 5, 2026. 116,110,717 common shares of Brava Energia were acquired, representing approximately 25% of Brava's issued share capital. Together with a share purchase agreement signed April 23, 2026 for ~26% of Brava, Ecopetrol expects to acquire a controlling interest of ~51% of Brava's voting share capital. Settlement and payment for the OPAV shares is scheduled for August 17, 2026. No offer terms, acceptance level, or stake percentage disclosed in earnings release. The auction price was R$23.00 per share, conducted as a voluntary tender offer (OPAV) on the B3 exchange.
Featured in Issue #27 · Aug 9, 2026
Sweden 2 situations
Viva Wine Group AB VIVA.ST (SE) · SEK 38.30 · MCAP $363M · EV $526M
Riesling Ventures AB launched a public takeover offer for Viva Wine Group AB (VIVA.ST) at SEK 38.5 in cash per share.
Featured in Issue #29 · Aug 23, 2026
Evolution EVO.ST (SE) · SEK 820.00 · MCAP $17.2B
Candle Lake Ltd. set a cash offer at SEK695 ($73) per share for Evolution.
Featured in Issue #29 · Aug 23, 2026
Netherlands 2 situations
InPost S.A. INPST.AS (NL) · €15.51 · MCAP $9.1B
Offeror IS Iris Lux Bidco S.à r.l. obtained unconditional competition clearance from the European Commission.
Featured in Issue #29 · Aug 23, 2026
OCI N.V. OCI (NL) · €4.04 · MCAP $1.02B
NNS, the bidder in an ongoing formal Dutch public tender offer for OCI N.V. (announced 24 June 2026, already holding ~57% pre-purchase), disclosed a mandatory 'purchases outside the offer' transaction: it acquired…
Featured in Issue #29 · Aug 23, 2026
Germany 2 situations
Nagarro SE NA9.DE (DE) · MCAP $1.3B
Galaxy Germany Holding SE, in partnership with Persistent Systems Limited, is making a voluntary cash tender offer for Nagarro SE (NA9.DE) at €81.00 per share.
Featured in Issue #28 · Aug 16, 2026
Nagarro SE NA9.DE (DE) · €78.30 · MCAP $1.1B · EV $1.4B
Fwd P/E: 15.1x · Fwd EV/EBITDA: 8.0x · Fwd EV/Sales: 1.2x · LTM EV/Sales: 1.2x · LTM EV/GP: 5.4x
Nagarro SE is a Munich-based digital engineering and technology services company.
BaFin published the offer document for a takeover offer for Nagarro SE on 06.08.2026. Bidder is Galaxy Germany Holding SE. Target ISIN is DE000A3H2200.
Featured in Issue #27 · Aug 9, 2026
Poland 1 situation
Telestrada S.A. TLS.WA (PL) · PLN 25.80 · MCAP $14M · EV $13M
Telestrada S.A. (TLS.WA) faces a potential full ownership consolidation after its Supervisory Board approved an agreement framework for a voluntary tender offer for all remaining shares.
Featured in Issue #29 · Aug 23, 2026
United Kingdom 1 situation
Genel Energy plc GENL.L (UK)
Genel Energy PLC (GENEL) disclosed the opening positions of parties acting in concert with the company in its role as offeree.
Featured in Issue #28 · Aug 16, 2026
Turkey 1 situation
E-Data Teknoloji Pazarlama A.Ş. EDATA.IS (TR)
A new investor trio acquired 63.85% of E-Data, corresponding to 256,797,724.81 shares, from existing major shareholders Osman Sungur and Tahir Fatih Mutlu.
Featured in Issue #28 · Aug 16, 2026
Malaysia 1 situation
Hextar Retail Bhd HEXR.KL (MY) · MCAP $48M
Hextar Portfolio Sdn Bhd launched a conditional voluntary takeover offer for Hextar Retail Bhd (HEXR.KL) at RM0.43 per share in cash.
Featured in Issue #28 · Aug 16, 2026
Canada 1 situation
Aurora Cannabis Inc ACB.TO (CA) · CAD 3.68 · MCAP $239M · EV $183M
Curaleaf Holdings, Inc. launched an unsolicited take-over bid for Aurora Cannabis Inc. (ACB.TO) at US$4.00 per share in mixed consideration.
Featured in Issue #28 · Aug 16, 2026
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