Blackstone launches open offer to acquire 26% stake in R Systems after delisting offer fails

Private equity firm Blackstone has launched an open offer to acquire 26% stake in R Systems International after its delisting offer failed. BCP Asia II Topco II Pte. Ltd and Blackstone Capital Partners Asia II L.P. have offered to acquire up to 57,173,476 fully paid-up equity shares, representing 48.33% of the voting share capital of R Systems International. Public shareholders who previously tendered their equity shares during the delisting offer between April 21 and May 8 can withdraw within five working days following the publication of the offer status public announcement.