WealthNavi (TYO:7342) said MUFG Bank has gained 92.45% of the company's voting rights following a tender offer that began Dec. 2, 2024, according to its Tuesday filing with the Tokyo bvourse.

As MUFG Bank now owns more than 90% of the voting rights in WealthNavi, it plans to acquire all remaining shares, except those already owned by it and treasury shares, under a share cash-out demand.

This decision was approved by WealthNavi's board of directors and involves cashing out shareholders at the rate of 1,950 yen per share.

As a result, the company's stock will be delisted from the Tokyo Stock Exchange, with trading ceasing by March 4.