Here are Ate’s comments on Rite Ventures making a mandatory tender offer for all Lemonsoft shares. 
Rite Ventures has published a mandatory tender offer for all Lemonsoft shares at a price of 4.67 euros per share. The offer is an anticipated formal step following the previously announced exceeding of Rite Ventures’ ownership stake, which triggered an obligation under the Securities Market Act to make a mandatory public tender offer for the remaining shares. We still consider the offer consideration to be very modest relative to Lemonsoft’s long-term earnings potential and fundamentals, and we do not believe it will attract a wide range of shareholders. We commented on the tender offer earlier here.