R1 Inc. launches tender offer for Raksul shares in MBO bid

R1 Inc. initiated a tender offer on December 11, 2025, to acquire Raksul Inc.'s common shares and share options. The acquisition period runs from December 12, 2025, to February 4, 2026.

The offer price for common shares is 1,710 yen per share, while share options are offered at 1 yen per option. This move is part of a management buyout (MBO) strategy, excluding treasury shares.

The tender offer targets up to 61,062,650 shares, with a minimum purchase threshold of 39,699,100 shares. R1 Inc. is a wholly-owned subsidiary of R2 Inc., which is a subsidiary of R3 Inc., with Goldman Sachs entities holding significant stakes. The settlement for the tender offer is scheduled for February 12, 2026.