A Tender Offer of 52.5% Stake in Rothwell International by Trillion Luck Group
After the market close on 11 December, Trillion Luck Group announced a tender offer of a 52.5% stake in Rothwell International Co (900260 KS).
The tender offer price is 1,580 won per share, which is 58% higher than current price.
There has not been a meaningful positive impact of keeping Rothwell publicly listed in Korea. It makes more sense to take the company private.
