Updated October 11, 2026 · through Special Situations Digest #36 (Oct 11, 2026) · 63 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 28 countries. Earlier coverage includes 861+ 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.
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Related: Odd-lot tender offers: how they work, and the offers open now.
This week's tender offers at a glance
Offer prices and expiry dates as disclosed in the filings, soonest deadline first.
| Company | Offer | Premium | Closes |
|---|---|---|---|
| Grupo Traxion, S.A.B. de C.V. TRAXIONA.MX | MXN 13.18 | 20% | Oct 23, 2026 |
| PT. Era Media Sejahtera Tbk DOOH.JK | Rp 350 | 14.38% | Nov 3, 2026 |
| Reef Casino Trust RCT.AX | A$4.67 | 29.54% | Nov 9, 2026 |
| Recordati Industria Chimica e Farmaceutica S.p.A. REC.MI | €53 per share | – | – |
| Iveco Group N.V. IVG.MI | Euro 14.40 | 6.77% | – |
| ACV Auctions Inc. ACVA | $10.50 | – | – |
| Pacira BioSciences, Inc. PCRX | $36.50 | – | – |
| Shelly Group SE SLYG.DE | EUR 70.00 | 27% | – |
| PT Astra Otoparts Tbk AUTO.JK | Rp 3,600 | – | – |
| Axtel, S.A.B. de C.V. AXTELCPO.MX | MXN 3.86 | 5.46% | – |
| Desktop DESK3.SA | R$ 19.1261 | – | – |
| KFM Kingdom Holdings Limited 03816.HK | HK$2.00 | -55.9% | – |
| SUZHOU INSTITUTE OF BUILDING SCIENCE GROUP Co., Ltd. 603183.SS | RMB 5.03 | -3.1% | – |
| Trevi - Finanziaria Industriale S.p.A. TFIN.MI | EUR 5.165 | – | – |
| Premier Explosives Ltd PREMEXPLN.NS | ₹705.65 | approximately | – |
| China Changbaishan International Holdings Ltd. 0989.HK | HKD 0.1500 | – | – |
| BASE, Inc. 4477.T | ¥340 | – | – |
| Fineland Living Services Group Limited 9978.HK | HK$0.14 | – | – |
| INSTALLUX S.A. ALLUX.PA | €492.00 | – | – |
| Pininfarina PINF.MI | 1 euro | – | – |
| First Tin PLC 1SN.L | 15 pence per share | 30.4% | – |
| ProjectHoldings, Inc. 9246.T | ¥2,200 per share | – | – |
| Alternative Income REIT plc AIRE.L | 71.4 pence | – | – |
| System1 Group plc SYS1.L | 180 pence in cash and 2.394 New Brave Bison Shares and 1 Bison CVR | – | – |
| Mustek Limited MST.JO | 15.41 ZAR per share | – | – |
10 more with disclosed terms in the list below.
Jump to country
Hong Kong (16)India (15)Italy (13)United States (6)Mexico (5)Japan (5)United Kingdom (5)New Zealand (4)Indonesia (3)Germany (3)Switzerland (2)Australia (2)Other markets (2)China (2)Brazil (2)Norway (2)Sweden (2)Philippines (1)France (1)Spain (1)Ireland (1)Singapore (1)South Africa (1)Austria (1)Turkey (1)Netherlands (1)Finland (1)Taiwan (1)
Hong Kong 16 situations
KFM Kingdom Holdings Limited 03816.HK (HK) · HK$5.25 · MCAP $401M · EV $408M
Offer HK$2.00 · premium -55.9%
Luxshare Hong Kong conditionally agreed to acquire 342 million KFM Kingdom Holdings (03816.HK) shares, representing 57% of existing share capital, from KIG Real Estate for HK$684 million, or HK$2.00 per share.
Featured in Issue #36 · Oct 11, 2026
Man Shun Group (Holdings) Limited 1746.HK (HK) · HK$0.52 · MCAP $66M · EV $56M
Man Shun Group (Holdings) Limited (1746.HK) issued a Rule 3.7 monthly update on 9 October 2026 about a possible control transaction that could trigger a mandatory general offer.
Featured in Issue #36 · Oct 11, 2026
Shanghai Realway Capital Assets Management Co., Ltd. 1835.HK (HK) · HK$4.00 · MCAP $78M
Shanghai Realway Capital Assets Management (1835.HK) and 3G Limited obtained an extension of the Composite Document dispatch deadline to the earlier of January 13, 2027 and seven days after Completion.
Featured in Issue #36 · Oct 11, 2026
Hang Yick Holdings Company Limited 1894.HK (HK) · HK$0.51 · MCAP $15M · EV $310.0K
Offer HK$0.600
Mr. Ngai Wa Ping proposes a voluntary cash partial offer for 30 million Hang Yick Holdings (1894.HK) shares at HK$0.600 each, representing approximately 12.86% of issued capital and HK$18 million total consideration.
Featured in Issue #36 · Oct 11, 2026
Fineland Living Services Group Limited 9978.HK (HK) · HK$3.10 · MCAP $158M · EV $142M
Offer HK$0.14
Yoncan Co., Ltd. is launching an unconditional mandatory cash offer to acquire all remaining shares of Fineland Living Services Group Limited (9978.HK) at HK$0.14 per share.
Featured in Issue #36 · Oct 11, 2026
Xin Yuan Enterprises Group Limited 1748.HK (HK) · HK$1.76 · MCAP $99M (last traded 2025-02)
Offer HK$2.21 · premium 25.57%
Mr. Liu and parties acting in concert launched a pre-conditional voluntary general cash offer for Xin Yuan Enterprises Group Limited (1748.HK) at HK$2.21 per share, representing a 25.57% premium to the last closing…
Featured in Issue #36 · Oct 11, 2026
China Changbaishan International Holdings Ltd. 0989.HK (HK) · HK$0.53 · MCAP $362M
Offer HKD 0.1500
An HKEX disclosure filed October 7, 2026 records Ground Group (Hong Kong) Co., Limited’s acquisition of 6,558 offer shares at HK$0.15 per share on October 5 under the mandatory unconditional cash offer made by DL…
Featured in Issue #36 · Oct 11, 2026
Ju Teng International Holdings Limited 3336.HK (HK) · HK$2.34 · MCAP $252M · EV $621M
Lens Technology Co., Ltd. is pursuing a voluntary conditional general cash offer for all remaining shares of Ju Teng International Holdings Limited (3336.HK).
Featured in Issue #36 · Oct 11, 2026
Trio Industrial Electronics 01710.HK (HK) · HK$1.65 · MCAP $210M · EV $214M
A subsidiary of Luxshare Precision signed a non-legally binding memorandum of understanding to acquire a 75% stake in Trio Industrial Electronics (01710.HK).
Featured in Issue #36 · Oct 11, 2026
Trio Industrial Electronics Group Limited 1710.HK (HK) · HK$2.06 · MCAP $263M · EV $266M
Luxshare Precision Limited and Trio Industrial Electronics Holding Limited entered into a non-legally binding MOU on 29 September 2026 regarding the possible purchase of 750 million shares, or 75% of Trio Industrial…
Featured in Issue #35 · Oct 4, 2026
Strong Petrochemical Holdings Limited 852.HK (HK) · HK$0.22 · MCAP $60M · EV $90M
Speed Success signed a legally binding SPA with FWI and the Liquidators to buy 1.0 billion ordinary shares, approximately 49.06% of Strong Petrochemical Holdings Limited.
Featured in Issue #35 · Oct 4, 2026
Fu Shou Yuan International Group Limited 1448.HK (HK) · HK$2.64 · MCAP $764M · EV $565M
Offer HK$0.10 per Share
AFG Securities Limited is making an unconditional voluntary cash partial offer for and on behalf of Gong Hailin to acquire up to 115.0 million shares in Fu Shou Yuan International Group Limited.
Featured in Issue #35 · Oct 4, 2026
KFM Kingdom Holdings Limited 3816.HK (HK) · HK$4.24 · MCAP $324M · EV $331M
Offer HK$2.00 · premium -36.8%
KFM Kingdom Holdings Limited: Luxshare Hong Kong agreed to acquire 342.0 million Sale Shares from KIG Real Estate at HK$2.00 per share for HK$684.0 million (~$87M).
Featured in Issue #35 · Oct 4, 2026
Shanghai Realway Capital Assets Management Co., Ltd. 1835.HK (HK) · HK$3.69 · MCAP $72M · EV $56M
Shanghai Realway Capital Assets Management Co., Ltd. (1835.HK) and 3G Limited extended the Long Stop Date of their Subscription Agreement from 30 September 2026 to 31 December 2026.
Featured in Issue #35 · Oct 4, 2026
LFG Investment Holdings Limited 3938.HK (HK) · HK$2.79 · MCAP $174M
LFG Investment Holdings Limited (3938.HK) extended the long stop date for a potential mandatory cash offer to 31 October 2026.
Featured in Issue #35 · Oct 4, 2026
Somerley Capital Holdings Limited 8439.HK (HK) · HK$1.31 · MCAP $25M · EV $19M
closes Oct 15, 2026
Sky Links Group Limited is expected to make a mandatory unconditional cash offer for Somerley Capital Holdings Limited (8439.HK) at HK$0.818 per share following completion of the underlying sale and purchase agreement.
Featured in Issue #35 · Oct 4, 2026
India 15 situations
RGF Capital Markets Ltd 539669.BO (IN) · ₹2.66 · MCAP $4M
Offer ₹1.10
Mandatory open offer for up to 26.00% of RGF Capital Markets' voting share capital, or up to 3,90,06,240 equity shares of face value ₹1 each.
Featured in Issue #36 · Oct 11, 2026
Onyx Biotec Limited ONYX.NS (IN) · ₹38.00 · MCAP $7M · EV $8M
Onyx Biotec Limited (ONYX.NS) published the independent directors’ committee recommendations dated 7 October 2026 on 8 October 2026.
Featured in Issue #36 · Oct 11, 2026
Trucap Finance Limited TRU.NS (IN) · ₹4.47 · MCAP $5M
Marwadi Chandarana Intermediaries Brokers Private Limited is pursuing an open offer for Trucap Finance Limited (TRU.NS).
Featured in Issue #36 · Oct 11, 2026
Oscar Global Limited 530173.BO (IN) · ₹22.68 · MCAP $773.5K · EV $717.9K
Offer ₹10 · premium -55.9%
JBCG Advisory Services Private Limited has triggered a mandatory open offer for Oscar Global Limited.
Featured in Issue #36 · Oct 11, 2026
Premier Explosives Ltd PREMEXPLN.NS (IN) · ₹687.05 · MCAP $382M · EV $379M
Offer ₹705.65 · premium approximately
Apollo Micro Systems Ltd is launching a mandatory open offer to acquire 26.00% of Premier Explosives Ltd (PREMEXPLN.NS) for ₹705.65 per share in cash.
Featured in Issue #36 · Oct 11, 2026
Shankara Building Products Limited SHANKARA.NS (IN) · ₹117.57 · MCAP $29M · EV $49M
Ballygunge Family Trust and persons acting in concert announced an open offer for Shankara Building Products Limited on July 15, 2026.
Featured in Issue #36 · Oct 11, 2026
Hiliks Technologies Limited HILIKS.BO (IN) · ₹65.06 · MCAP $8M · EV $8M
Offer ₹72
Enact Technologies Private Limited and co-acquirers announced a mandatory open offer for up to 36,92,000 shares, representing 26.00% of Hiliks Technologies' expanded equity and voting share capital.
Featured in Issue #36 · Oct 11, 2026
Bliss GVS Pharma Ltd BLISSGVS.NS (IN) · ₹676.45 · MCAP $739M · EV $726M
Anupam Rasayan India and its PAC acquired 5,09,84,595 shares of Bliss GVS Pharma on 28 September 2026, representing a 47.95% stake.
Featured in Issue #36 · Oct 11, 2026
Tusaldah Limited 531301.BO (IN) · ₹174.15 · MCAP $4M · EV $4M
Offer ₹20 · premium -88.5%
Promoters Sandeep Jagdishprasad Agrawal and Anupriya Sandeep Agrawal launched a mandatory open offer to acquire up to 3.8 million shares, or 26% of the expanded equity share capital, of Tusaldah Limited (531301.BO).
Featured in Issue #36 · Oct 11, 2026
Premier Explosives Limited PREMEXPLN.NS (IN) · ₹682.05 · MCAP $379M · EV $377M
Offer ₹705.65
Apollo Micro Systems agreed to acquire 41.33% of Premier Explosives' voting share capital from the AKS Family Trust under a Share Purchase Agreement dated July 9, 2026.
Featured in Issue #35 · Oct 4, 2026
Pasupati Fincap Limited 511734.BO (IN) · ₹26.81 · MCAP $1M · EV $1M
Offer ₹12.00
Uday Narang has made a mandatory open offer to buy up to 12,22,000 shares (26.00% of voting capital) of Pasupati Fincap at ₹12 per share in cash.
Featured in Issue #35 · Oct 4, 2026
Mayur Leather Products Limited 531680.BO (IN) · ₹38.91 · MCAP $2M · EV $2M
Offer ₹27.92
Ghanshyam Hansrajani launched an open offer to acquire up to 12,57,048 equity shares of Mayur Leather Products, representing a 26% stake.
Featured in Issue #35 · Oct 4, 2026
G-TEC Jainx Education Limited GTECJAINX.NS (IN) · ₹32.62 · MCAP $3M · EV $3M
Offer Rs. 29
G-TEC Education Private Limited (Acquirer-1) and Mr.
Featured in Issue #35 · Oct 4, 2026
Kronox Lab Sciences Ltd KRONOX.NS (IN) · ₹205.77 · MCAP $79M · EV $74M
Indo Borax & Chemicals Limited is launching a mandatory open offer to buy up to 25.79% of Kronox Lab Sciences Limited (KRONOX.NS) at ₹157.27 per share.
Featured in Issue #35 · Oct 4, 2026
Tusaldah Limited 531301.BO (IN) · ₹174.15 · MCAP $4M
Offer Rs. 20/-
Sandeep Jagdishprasad Agrawal and Anupriya Sandeep Agrawal are making a cash open offer for up to 37,83,000 equity shares of Tusaldah Limited, representing 26.00% of the expanded equity and voting share capital.
Featured in Issue #35 · Oct 4, 2026
Italy 13 situations
Iveco Group N.V. IVG.MI (IT) · €14.40 · MCAP $4.3B · EV $8.3B
Offer Euro 14.40 · premium 6.77%
TML CV Holdings B.V. increased its cash tender offer for Iveco Group N.V. (IVG.MI) from EUR 14.10 to EUR 14.40 per common share, cum dividend, on 9 October 2026.
Featured in Issue #36 · Oct 11, 2026
Recordati Industria Chimica e Farmaceutica S.p.A. REC.MI (IT) · €53.00 · MCAP $12.2B · EV $14.3B
Offer €53 per share
Respighi BidCo S.p.A., backed by CVC Capital Partners and Groupe Bruxelles Lambert, raised its voluntary tender offer for Recordati Industria Chimica e Farmaceutica S.p.A.
Featured in Issue #36 · Oct 11, 2026
Trevi - Finanziaria Industriale S.p.A. TFIN.MI (IT) · €5.21 · MCAP $383M · EV $489M
Offer EUR 5.165
Trevi - Finanziaria Industriale S.p.A. (TFIN.MI) faces two rival bids.
Featured in Issue #36 · Oct 11, 2026
TradeLab S.p.A. TRAI.MI (IT) · €1.85 · MCAP $10M · EV $9M
Offer €2.2278
TradeLab S.p.A. (TRAI.MI) board has advised shareholders against tendering their shares in a voluntary total public exchange offer from Metriks AI S.p.A.
Featured in Issue #36 · Oct 11, 2026
Banco BPM S.p.A. BAMI.MI (IT) · €15.29 · MCAP $25.9B
Banca Monte dei Paschi di Siena S.p.A. launched a voluntary public exchange offer for all ordinary shares of Banco BPM S.p.A.
Featured in Issue #36 · Oct 11, 2026
Banca Monte dei Paschi di Siena S.p.A. BMPS.MI (IT) · €11.37 · MCAP $38.9B
Intesa Sanpaolo raised the cash component of its offer for Banca Monte dei Paschi di Siena from EUR1.00 to EUR1.25 per share, retaining 1.6 newly issued ISP shares per MPS share.
Featured in Issue #36 · Oct 11, 2026
Pininfarina PINF.MI (IT) · €1.00 · MCAP $89M · EV $89M
Offer 1 euro
PF Holdings launched a voluntary total tender offer on Pininfarina ordinary shares on 16 September 2026.
Featured in Issue #36 · Oct 11, 2026
Pininfarina S.p.A. PINF.MI (IT) · €1.00 · MCAP $89M · EV $89M
Offer €1.00
PF Holdings B.V. launched a voluntary full takeover bid for Pininfarina S.p.A. on 16 September 2026.
Featured in Issue #35 · Oct 4, 2026
Trevi - Finanziaria Industriale S.p.A. TFIN.MI (IT) · €4.87 · MCAP $360M · EV $466M
Offer €4.50 · premium 29.8%
Webuild confirms €4.50 per Trevi share in cash, a 29.8% premium over the June 26, 2026 official price.
Featured in Issue #35 · Oct 4, 2026
Reway Group S.p.A. RWY.MI (IT) · €10.20 · MCAP $445M · EV $514M
Offer €10.31
Rinova BidCo S.p.A. has launched a CONSOB-approved mandatory full public tender offer for Reway Group S.p.A.
Featured in Issue #35 · Oct 4, 2026
Haiki+ S.p.A. HIK.MI (IT) · €0.90 · MCAP $131M · EV $220M
Offer €0.90
SG Holding S.r.l. is pursuing a voluntary full tender offer for Haiki+ at EUR 0.90 per share.
Featured in Issue #35 · Oct 4, 2026
Recordati REC.MI (IT) · €52.60 · MCAP $12.1B · EV $14.3B
Tokos Scf, a multi-family office, filed a complaint with Consob seeking additional disclosure on the CVC-GBL tender offer for Recordati.
Featured in Issue #35 · Oct 4, 2026
Trevi TFIN.MI (IT) · €4.87 · MCAP $360M · EV $466M
Offer €4.5 per share
Icop and Webuild are competing for Trevi (TFI.MI) with opposing cash and stock bids.
Featured in Issue #35 · Oct 4, 2026
United States 6 situations
Cavitation Technologies, Inc. CVAT (US) · $0.03 · MCAP $10M · EV $10M
BrightFlixx Finance (Luxembourg) S.A. signed definitive purchase agreements to launch a $35 million cash tender offer for all outstanding shares of Cavitation Technologies, Inc. (CVAT).
Featured in Issue #36 · Oct 11, 2026
Aurora Cannabis ACB (US) · $4.49 · MCAP $296M · EV $242M
Curaleaf is pursuing a hostile takeover bid for Aurora Cannabis.
Featured in Issue #36 · Oct 11, 2026
Pacira BioSciences, Inc. PCRX (US) · $36.31 · MCAP $1.4B · EV $1.6B
Offer $36.50
Viatris agreed to acquire all outstanding Pacira BioSciences shares for $36.50 per share in cash, an aggregate equity value of $1.65 billion.
Featured in Issue #36 · Oct 11, 2026
ACV Auctions Inc. ACVA (US) · $10.44 · MCAP $1.8B · EV $1.8B
Offer $10.50
Copart, Inc. extended its cash tender offer for ACV Auctions Inc. (ACVA) at $10.50 per share to 5:00 p.m.
Featured in Issue #36 · Oct 11, 2026
Cementos Pacasmayo S.A.A. CPAC (US) · $12.21 · MCAP $1.0B · EV $1.4B
Holcim plans a subsequent public tender offer through Inversiones ASPI S.A. for the remaining 49.99% of Cementos Pacasmayo after acquiring control of 50.01% on 30 March 2026.
Featured in Issue #36 · Oct 11, 2026
ACV Auctions Inc. ACVA (US) · $10.45 · MCAP $1.8B · EV $1.8B
Offer $10.50
Copart Inc. extended its $10.50 per share cash tender offer for ACV Auctions Inc. (ACVA) until 5 p.m.
Featured in Issue #35 · Oct 4, 2026
Mexico 5 situations
Fibra Mty FMTY14.MX (MX) · MCAP $1.8B
Fibra Mty obtained CNA authorization to launch a second public tender offer for Fibra Macquarie CBFIs not yet under its ownership.
Featured in Issue #36 · Oct 11, 2026
Grupo Traxion, S.A.B. de C.V. TRAXIONA.MX (MX) · MCAP $370M · EV $1.2B
Offer MXN 13.18 · premium 20% · closes Oct 23, 2026
Grupo Traxion's Corporate Practices Committee and Consultora 414 deemed the MXN 13.18 per-share tender offer financially reasonable on October 5, 2026.
Featured in Issue #36 · Oct 11, 2026
Axtel, S.A.B. de C.V. AXTELCPO.MX (MX) · MCAP $548M · EV $990M
Offer MXN 3.86 · premium 5.46%
Axtel received two proposed tender-offer applications between late August and September 1, 2026.
Featured in Issue #36 · Oct 11, 2026
FIBRA Macquarie México FIBRAMQ12.MX (MX) · MCAP $2.0B
Offer MXN 44
The second tender offer gives remaining holders a choice between 3.20 Fibra Mty certificates or MXN 44 in cash per Fibra Macquarie certificate.
Featured in Issue #35 · Oct 4, 2026
Consorcio Ara ARA.MX (MX) · MCAP $355M
Offer 5.63 pesos per share · premium 20%
Germán Ahumada Russek and Luis Felipe Ahumada Russek intend to launch a cash tender offer for up to 100% of shares in Consorcio Ara (ARA.MX) not already owned by them at a price of 5.63 pesos per share.
Featured in Issue #35 · Oct 4, 2026
Japan 5 situations
Taiyo Holdings Co., Ltd. 4626.T (JP) · ¥4,800.00 · MCAP $3.4B · EV $3.4B
KJ005 Co., Ltd., the KKR-led buyer, delayed its tender offer for Taiyo Holdings Co., Ltd. (4626.T) from early October 2026 to around late November 2026, at a tender price of ¥4,750 (~$30) per share.
Featured in Issue #36 · Oct 11, 2026
ProjectHoldings, Inc. 9246.T (JP) · ¥2,194.00 · MCAP $74M · EV $69M
Offer ¥2,200 per share
TX1 Co., Ltd. updated its tender offer for ProjectHoldings, Inc. (9246.T) to reflect a shortened regulatory waiting period for share acquisitions at ¥2,200 (~$14) per share (corrected tender offer report).
Featured in Issue #36 · Oct 11, 2026
BASE, Inc. 4477.T (JP) · ¥382.00 · MCAP $275M · EV $138M
Offer ¥340
SBINM LLC, a subsidiary of SBI Holdings (SBIHD), extended the deadline for its cash tender offer for BASE, Inc. (4477.T) to October 21, 2026, from October 15, 2026.
Featured in Issue #36 · Oct 11, 2026
BASE, Inc. 4477.T (JP) · ¥339.00 · MCAP $248M · EV $110M
Offer ¥340 · premium 9.32%
SBINM GK is tendering for BASE, Inc. common shares at ¥340 per share.
Featured in Issue #35 · Oct 4, 2026
Kakaku.com, Inc. 2371.T (JP) · ¥3,805.00 · MCAP $4.8B · EV $4.5B
Offer ¥3,681
Kamgras 1 Co., Ltd. raised its cash tender offer price for Kakaku.com, Inc. (2371.T) from ¥3,680 (~$23) to ¥3,681 (~$23) per share on September 29, 2026.
Featured in Issue #35 · Oct 4, 2026
United Kingdom 5 situations
First Tin PLC 1SN.L (UK) · GBp 11.50 · MCAP $82M · EV $70M
Offer 15 pence per share · premium 30.4%
Metals X Limited confirmed it submitted a preliminary, non-binding indicative cash offer for the entire issued and to be issued share capital of First Tin PLC not already owned by Metals X.
Featured in Issue #36 · Oct 11, 2026
System1 Group plc SYS1.L (UK) · GBp 340 · MCAP $57M · EV $42M
Offer 180 pence in cash and 2.394 New Brave Bison Shares and 1 Bison CVR
Brave Bison’s increased final offer for System1 comprises 180 pence in cash, 2.394 new Brave Bison shares and one Bison CVR per System1 share.
Featured in Issue #36 · Oct 11, 2026
Kenmare Resources plc KMR.L (UK) · £2.20 · MCAP $261M · EV $434M
International Resources Holdings RSC Ltd made a non-binding proposal for a possible all-cash offer for all share capital of Kenmare Resources plc (KMR.L).
Featured in Issue #36 · Oct 11, 2026
Alternative Income REIT plc AIRE.L (UK) · GBp 68.50 · MCAP $73M · EV $117M
Offer 71.4 pence
As of 5 October 2026, Glenstone held or had received acceptances for 65,414,767 Alternative Income REIT shares, representing 81.26% of issued capital.
Featured in Issue #36 · Oct 11, 2026
Permanent TSB Group Holdings plc PTSB.L (UK) · €2.96 · MCAP $1.8B
Offer €3.20 · premium 7.7%
Axis Capital is considering a possible cash offer for Permanent TSB Group Holdings plc (PTSB.L) at €3.20 per share.
Featured in Issue #35 · Oct 4, 2026
New Zealand 4 situations
2 Cheap Cars Group Limited 2CC.NZ (NZ) · NZ$0.91 · MCAP $23M · EV $27M
Sena & Co Limited’s full takeover offer for 2 Cheap Cars Group Limited (2CC.NZ) was declared unconditional on 30 September 2026.
Featured in Issue #36 · Oct 11, 2026
Bremworth Limited BRW.NZ (NZ) · NZ$0.73 · MCAP $30M · EV $27M
Mangawhai Collective Limited's partial takeover offer for 43.93667% of Bremworth Limited shares it did not already hold or control closed at 11.59pm on 2 October 2026.
Featured in Issue #36 · Oct 11, 2026
2 Cheap Cars Group Limited 2CC.NZ (NZ) · NZ$0.91 · MCAP $23M · EV $27M
Sena & Co made a full takeover offer on 27 July 2026 for 2 Cheap Cars shares it did not already hold, and declared the offer unconditional on 30 September.
Featured in Issue #35 · Oct 4, 2026
Bremworth Limited BRW.NZ (NZ) · NZ$0.76 · MCAP $29M · EV $26M
Mangawhai Collective Limited, David Ferrier and Henry Lawford Lonsdale Ferrier acting in concert reported relevant interests in 70.174% of Bremworth Limited (BRW.NZ) as of 30 September 2026, following a partial takeover…
Featured in Issue #35 · Oct 4, 2026
Indonesia 3 situations
PT. Era Media Sejahtera Tbk DOOH.JK (ID) · IDR 270.00 · MCAP $117M · EV $106M
Offer Rp 350 · premium 14.38% · closes Nov 3, 2026
PT Prambanan Sukses Investama (PSI) sold 234.09 million DOOH shares on October 8, 2026.
Featured in Issue #36 · Oct 11, 2026
PT Hassana Boga Sejahtera Tbk NAYZ.JK (ID) · IDR 115.00 · MCAP $16M · EV $16M
Offer Rp75
Saiko Consultancy Pte Ltd acquired 750 million shares, or 29.41%, of PT Hassana Boga Sejahtera Tbk (NAYZ.JK) from PT Asia Intrainvesta at Rp23.5 per share, for approximately Rp17.63 billion.
Featured in Issue #36 · Oct 11, 2026
PT Astra Otoparts Tbk AUTO.JK (ID) · IDR 3,370.00 · MCAP $909M · EV $769M
Offer Rp 3,600
PT Astra Otoparts Tbk will distribute a 2026 interim dividend of Rp 72.52 per share.
Featured in Issue #36 · Oct 11, 2026
Germany 3 situations
Commerzbank CBK.DE (DE) · €37.90 · MCAP $45.9B
UniCredit is attempting to acquire Commerzbank (CBK.DE) via a tender offer providing 0.485 UniCredit shares for each Commerzbank share.
Featured in Issue #36 · Oct 11, 2026
Shelly Group SE SLYG.DE (DE) · €65.80 · MCAP $1.3B · EV $1.3B
Offer EUR 70.00 · premium 27%
SE 2026 A SAS, an indirect wholly owned subsidiary of Schneider Electric SE, announced a voluntary cash acquisition offer for Shelly Group SE at €70 per share.
Featured in Issue #36 · Oct 11, 2026
Evonik Industries EVK.DE (DE) · €19.84 · MCAP $10.5B · EV $14.8B
Offer €22.15 · premium 28%
BASF has offered €10.3 billion (~$11.7B) to acquire Evonik, valuing it at just over €14 billion (~$15.9B) including debt, according to the Financial Times.
Featured in Issue #35 · Oct 4, 2026
Switzerland 2 situations
PolyPeptide Group PPGN.SW (CH) · CHF 43.85 · MCAP $1.7B · EV $1.8B
Samsung Biologics' all-cash public tender offer for PolyPeptide Group (PPGN.SW) at CHF 44.31 per share, pre-announced on 20 July 2026, has a main offer period running from 15 September to 12 October 2026 at 4 p.m.
Featured in Issue #36 · Oct 11, 2026
PolyPeptide Group AG PPGN.SW (CH) · CHF 44.10 · MCAP $1.8B · EV $1.9B
Samsung Peptide AG is launching a public tender offer for all publicly held registered shares of PolyPeptide Group AG (PPGN.SW).
Featured in Issue #35 · Oct 4, 2026
Australia 2 situations
Reef Casino Trust RCT.AX (AU) · A$4.63 · MCAP $80M · EV $82M
Offer A$4.67 · premium 29.54% · closes Nov 9, 2026
Iris Cairns Property Pty Ltd offers A$4.67 cash per unit for all Reef Casino Trust units it does not already own.
Featured in Issue #36 · Oct 11, 2026
Kip McGrath Education Centres KME.AX (AU) · A$0.67 · MCAP $24M · EV $22M
Crimson Consulting Australia Pty Ltd increased its voting power in Kip McGrath Education Centres (KME.AX) to 32.35% after acquiring 572,005 shares via its off-market takeover offer.
Featured in Issue #36 · Oct 11, 2026
Other markets 2 situations
Offer $12.00 · premium 102%
Navios Maritime Holdings launched a cash tender offer for all outstanding Series G and Series H American Depositary Shares at $12.00 per share.
Featured in Issue #36 · Oct 11, 2026
Cox Capital Retail Secondaries Fund I, LP, managed by an affiliate of Cox Capital Partners, commenced a cash tender offer for Class I shares of Blue Owl Credit Income Corp. effective October 5, 2026.
Featured in Issue #36 · Oct 11, 2026
China 2 situations
SUZHOU INSTITUTE OF BUILDING SCIENCE GROUP Co., Ltd. 603183.SS (CN) · ¥5.19 · MCAP $386M · EV $393M
Offer RMB 5.03 · premium -3.1%
Jiangsu Hanqi Investment Co., Ltd. announced a proposed partial tender offer for 49.2 million shares, or 9.90% of SUZHOU INSTITUTE OF BUILDING SCIENCE GROUP Co., Ltd. (603183.SS), at RMB 5.03 per share.
Featured in Issue #36 · Oct 11, 2026
Willing New Energy Co., Ltd 002667.SZ (CN)
Chenzhou Intermediate People's Court of Hunan Province will auction 10.0 million unrestricted shares held by controlling shareholder Shanghai Lingyi on JD.com's judicial auction platform from 10:00 AM October 15, 2026…
Featured in Issue #36 · Oct 11, 2026
Brazil 2 situations
Desktop DESK3.SA (BR) · R$19.35 · MCAP $452M · EV $717M
Offer R$ 19.1261
Claro NXT Telecomunicações filed a unified OPA registration request with the CVM to acquire Desktop's remaining shares.
Featured in Issue #36 · Oct 11, 2026
Grupo Toky TOKY3.SA (BR)
The Investor Defense Institute and 39 minority shareholders asked the CVM to require funds managed by SPX Private Equity and DSK Capital to make a public tender offer for Grupo Toky.
Featured in Issue #36 · Oct 11, 2026
Norway 2 situations
AKVA group ASA AKVA.OL (NO) · NOK 157.00 · MCAP $595M · EV $755M
Offer NOK 161 · premium 57%
Pontos Bidco AS, indirectly owned by Yanmar Holdings Co., Ltd., will offer NOK 161 (~$17) per share in cash for all issued and outstanding shares in AKVA group ASA.
Featured in Issue #35 · Oct 4, 2026
Scana ASA SCANA.OL (NO) · NOK 1.47 · MCAP $71M · EV $112M
Offer NOK 1.40 · premium -4.8%
Rieber & Søn AS purchased 4.4 million shares in Scana AS on 2 October 2026 at NOK 1.40 per share.
Featured in Issue #35 · Oct 4, 2026
Sweden 2 situations
Humana AB HUM.ST (SE) · SEK 71.50 · MCAP $338M · EV $751M
Offer SEK 20 in cash, 0.305 shares in Ambea and one CVR Instrument · closes Oct 14, 2026
Ambea AB (publ) is acquiring Humana AB (HUM.ST) for SEK 20 in cash, 0.305 Ambea shares, and one CVR per share.
Featured in Issue #35 · Oct 4, 2026
Preservium Property AB PRESRV.ST (SE) · SEK 57.00 · MCAP $26M
Offer SEK 60.05 · premium 61.4%
PPI Public Property Invest AB increased its public tender offer for Preservium Property AB (PRESRV.ST).
Featured in Issue #35 · Oct 4, 2026
Philippines 1 situation
Tubig Pilipinas Holdings Inc. TUBIG.PS (PH) · PHP 0.028 · MCAP $18M (last traded 2025-12)
Tubig Pilipinas Holdings Inc. (TUBIG.PS) received an advice letter from the SEC's Market & Securities Regulation Dept. confirming the company is exempt from the mandatory tender offer requirement (PSE Disclosure Form…
Featured in Issue #36 · Oct 11, 2026
France 1 situation
INSTALLUX S.A. ALLUX.PA (FR) · €490.00 · MCAP $153M · EV $121M
Offer €492.00
Financière CCE initiated a simplified public tender offer (OPAS) for INSTALLUX shares at €492.00 per share.
Featured in Issue #36 · Oct 11, 2026
Spain 1 situation
Azkoyen AZK.MC (ES) · €10.30 · MCAP $281M · EV $267M
Ohmnia Group's voluntary takeover bid for 100% of Azkoyen (AZK.MC) at EUR 10 per share, about EUR 244.5 million in total, is awaiting CNMV authorization.
Featured in Issue #36 · Oct 11, 2026
Ireland 1 situation
Irish Residential Properties REIT plc IRES.IR (IE) · €1.29 · MCAP $760M · EV $1.4B
Irish Residential Properties REIT plc (IRES.IR) filed a Form 8 Opening Position Disclosure with the Irish Takeover Panel on 8 October 2026.
Featured in Issue #36 · Oct 11, 2026
Singapore 1 situation
LHT Holdings Limited BEI.SI (SG) · S$0.76 · MCAP $32M · EV $16M
Offer SGD 0.75 · premium -1.3%
Synectix Pte. Ltd. announced a voluntary conditional cash partial offer for LHT Holdings Limited (BEI.SI) at SGD0.75 per share on 6 October 2026.
Featured in Issue #36 · Oct 11, 2026
South Africa 1 situation
Mustek Limited MST.JO (ZA) · MCAP $50M · EV $45M
Offer 15.41 ZAR per share
Novus is increasing its mandatory offer price for Mustek Limited (MST.JO) to 15.41 ZAR per share from 13.00 ZAR.
Featured in Issue #36 · Oct 11, 2026
Austria 1 situation
Addiko Bank AG ADKO.VI (AT) · €24.80 · MCAP $540M
Raiffeisen Bank International AG has exceeded the minimum acceptance threshold for its voluntary public takeover offer for Addiko Bank AG (ADKO.VI).
Featured in Issue #36 · Oct 11, 2026
Turkey 1 situation
Akçansa Çimento Sanayi ve Ticaret A.Ş. AKCNS.IS (TR) · TRY 205.50 · MCAP $801M
Heidelberg Materials AG is conducting a mandatory tender offer for Akçansa Çimento Sanayi ve Ticaret A.Ş.
Featured in Issue #35 · Oct 4, 2026
Netherlands 1 situation
InPost S.A. INPST.AS (NL) · €15.59 · MCAP $8.8B · EV $11.4B
Offer EUR 15.60
Settlement of the recommended public offer by IS Iris Lux Bidco S.à r.l. for all issued and outstanding share capital of InPost S.A. has successfully taken place.
Featured in Issue #35 · Oct 4, 2026
Finland 1 situation
Oma Savings Bank Plc OMASP.HE (FI) · €17.20 · MCAP $648M
S-Bank Plc completed its voluntary recommended public cash tender offer for Oma Savings Bank Plc (OMASP.HE), with 32.2 million shares or 96.78% of outstanding shares and votes tendered.
Featured in Issue #35 · Oct 4, 2026
Taiwan 1 situation
Systex Corporation 6214.TW (TW) · TWD 188.50 · MCAP $1.6B · EV $1.5B
Offer 0.84 Taiwan Mobile shares and NT$92.5 cash per Synnex share
Taiwan Star Telecom (TSTAR), a major subsidiary of Taiwan Mobile, extended its tender offer for Systex Corporation ordinary shares by 30 days.
Featured in Issue #35 · Oct 4, 2026
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