EPAM Systems, Inc. (NYSE:EPAM) entered into a voluntary takeover offer to acquire Emakina Group SA (ENXTBR:ALEMK) for approximately 120 million on August 14, 2021. Under the term, EPAM will acquire 3.89 million share of Emakina at 29.66 per share. The transaction is subject to the Belgian Financial Services and Markets Authority (FSMA) approval. EPAM has filed a prospectus with the FSMA on August 18, 2021. On August 14, 2021, the board of Emakina decided to support the Offer and, with EPAM, entered into a transaction agreement setting out the terms of such support. The board of directors of Emakina considers that the terms and conditions of such friendly Offer are favorable to all shareholders and other stakeholders and unanimously recommends that shareholders tender their shares to EPAM. To date and following the decision of the board to support the Offer, EPAM has received irrevocable undertakings from shareholders to tender to the Offer 3.71 million shares of Emakina, representing 95,38% of the total voting shares issued by Emakina, including Emakina's own shares. The deal is expected to be completed by October 29, 2021. Latham & Watkins LLP acted as legal advisor to the company.