SM Investments Corp. (SMIC) has completed its tender offer for shares of its logistics subsidiary, 2GO Group, Inc. SMIC tendered 352.691 million common shares of 2GO for a total of P5.163 billion at an offer price of P14.64 per common share and conducted from March 15 to April 28, SMIC said in a regulatory disclosure. The P5.163 billion will be crossed on May 5, SMIC added. The tendered common shares is 93% of the 378.817 million common shares of 2GO that SMIC last March announced would be up for a tender offer as it intends to take the logistics company private. The 378.817 million common shares constitute 15.39% of the issued and outstanding common capital stock of 2GO. With the result of the tender offer, SMIC's shares in 2GO will be 1.655 billion common shares or 67.21% of the total outstanding capital stock of the logistics company. Trident Investments Holdings Pte. Ltd., meanwhile, currently owns 781.122 common shares or 31.73% of the total outstanding capital stock of 2GO.