Qiwi PLC (QIWI) – Tender Offer – 13% upside

Current Price – $24.28

Acquisition Price – $28

Upside – 13%

Expiration Date –  TBD

Otkritie Holdings announced intention to commence tender offer to purchase additional 45%-55% of class B shares of QIWI at $28/share., which is 13% premium to the current price.