SBI Holdings, Inc. (TSE:8473) made an offer to acquire 48.4% stake in ARUHI Corporation (TSE:7198) from its shareholders for Ñ26.29 billion on September 14, 2022. The tender offer will commence on September 15, 2022 and close on October 31, 2022. SBI Holdings, Inc. will acquire 17.53 million shares at Ñ1,500 each. A minimum of 11.15 million shares will have to be tendered in order for the offer to complete. Tender offer will commence from September 15, 2022, and will close on November 11, 2022. KPMG FAS Co., Ltd. acted as financial advisor to SBI Holdings, Inc.
SBI Holdings, Inc. (TSE:8473) completed the acquisition of 48.4% stake in ARUHI Corporation (TSE:7198) from its shareholders on November 11, 2022.