{
  "id": 18426368,
  "title": "TPG to take Lotte Rental private via tender offer",
  "url": "https://urgent.news/2026/11/06/tpg-to-take-lotte-rental-private-via-tender-offer-18426368",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T02:52:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/20261106/tpg-to-take-lotte-rental-private-via-tender-offer"
  },
  "original_language": "en",
  "account": null,
  "summary": "TPG, a U.S. private equity firm, is set to acquire the remaining shares in South Korea's leading car rental company, Lotte Rental Co., through a tender offer. The SPV Lexicon Korea Holdco Inc., owned wholly by TPG, plans to purchase 14 million shares, representing a 38.83 percent stake, at 59,000 won ($43.50) per share. The tender offer, valued at 831.7 billion won, will run from December 1st through the 3rd, with settlement to be made in cash on December 7th. TPG aims to secure control of the target company, delist it from the Korean stock market, and make Lotte Rental a wholly owned subsidiary. TPG previously acquired a 61.2 percent stake in Lotte Rental last month for 1.31 trillion won from Lotte Group affiliates Hotel Lotte and Lotte Hotel Busan.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "TPG to take Lotte Rental private via tender offer",
        "url": "https://urgent.news/2026/11/06/tpg-to-take-lotte-rental-private-via-tender-offer-18425397",
        "published": "2026-11-06T02:15:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}