GGI Inv SPV SAPI De CV launched a tender offer to acquire Rassini, S.A.B. de C.V. (BMV:RASSINI A) for approximately $670 million on October 31, 2018. Under the terms of the transaction, GGI will acquire 178.2 million of Series A shares at the purchase price of $2.08 per share and up to 70.98 million common share certificates (CPO) representing each one of them, one Series B share and one Series C share at the purchase price of $4.16 per CPO. The Board of Directors received the favorable opinion from the Company's Corporate Practices Committee. The current members of the Company's Board of Directors that participate, direct or indirectly, in the capital stock of GGI, as well as the Company's Chief Executive Officer, do not intend to participate in the offer. GGI INV SPV, S.A.P.I. de C.V. waived to the condition precedent that the Offer Intermediary had received valid Letter of Acceptance and that those letters had not been withdrawn, pursuant to which at least 157.7 million shares, which together with the Offerors indirect participation, represent 95% of Rassinis capital stock. The offer will be open from November 1, 2018 to December 3, 2018, in the understanding that such period may be extended pursuant to the terms described in the Informative Brochure. The expiration date for the tender offer is December 3, 2018. As of November 26, 2018, the period of the offer is extended for an additional term of 5 business days ending on December 10, 2018. FTI Capital Advisors, LLC acted as as independent expert for Board of Rassini. Ricardo Maldonado, Carlos Jiménez, Carla Leyva, Jaime Ostos and Victoria Diktiar of Mijares, Angoitia, Cortés y Fuentes advised GGI INV SPV, S.A.P.I. de C.V. acted as legal advisors for GGI Inv SPV SAPI De CV. Ritch, Mueller, Heather y Nicolau and Cervantes Sainz Abogados acted as legal advisors in the deal.