Paloma Rheem Holdings Co., Ltd.

Paloma Rheem Holdings completed its tender offer for Fujitsu General, acquiring nearly 47% of voting shares. The deal is valued at approximately $2 billion market cap. Shares will officially change hands on June 5, 2025.

Paloma Rheem Holdings announced a tender offer to acquire all outstanding shares of Fujitsu General, making it a wholly-owned subsidiary. The tender offer is expected to commence in July 2025, subject to regulatory approvals.

Paloma Rheem, parent of Rheem and Paloma, will acquire Fujitsu General, a residential and commercial heat pump producer, as a wholly-owned subsidiary. The transaction is expected to close in July 2025.

Paloma Rheem Holdings announced a tender offer to acquire all outstanding shares of Fujitsu General, a maker of air conditioning solutions. Fujitsu Limited, holding 44.02% of Fujitsu General, agreed to sell its shares via a share repurchase after the tender offer.