TPG affiliate launches tender offer for remaining 38.83% of Lotte Rental, plans delisting
TPG affiliate Lexicon Korea Holdco has launched a tender offer for the remaining 38.83% of Lotte Rental, according to a regulatory disclosure cited by Yonhap. The offer runs through December 3 at 59,000 won per share, totaling approximately 831.7 billion won. The affiliate said it aims to delist Lotte Rental and make it a wholly owned subsidiary, and will buy all tendered shares for cash regardless of participation levels.