SolarEdge Technologies, Inc. (NasdaqGS:SEDG) made a tender offer to acquire an additional unknown stake in S.M.R.E. S.p.A. (BIT:SMR) from Kairòs Partners SGR SpA, Mediolanum Gestione Fondi SGR p.A. and others on January 7, 2019. As on January 25, 2019, SolarEdge Technologies, Inc. made a mandatory tender offer to acquire additional stake in S.M.R.E. S.p.A. at €6 per share. In a related transaction, SolarEdge Technologies, Inc. completed the acquisition of 57% stake in S.M.R.E. S.p.A. from M.T.I. Holding Srl, Gabriele Amati, Giampaolo Giammarioli and others for approximately €74.50 million. Cumulatively SolarEdge Technologies, Inc., intends to acquire the whole stake in S.M.R.E. S.p.A., with a combination of a mandatory tender offer and open market purchases. The offer is aimed at company delisting and post completion S.M.R.E. S.p.A. will operate as the wholly owned subsidiary of SolarEdge Technologies. The transaction is subject to customary closing conditions, including regulatory reviews and approvals including antitrust approvals. As of January 31, 2019, the offer was rejected by Kairòs Partners SGR SpA and Mediolanum Gestione Fondi SGR p.A. As on February 18, 2019, SolarEdge Technologies received request from Italian Market watchdog to provide additional information and to make changes to the mandatory total public tender offer document.