Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

This is a small-cap Risk Arb situation. I think it relatively safe, but float is under $300mm. A respectable size is possible, but not huge.On the 7th of February after the close, <a href="https://www.smartkarma.com/entities/11858" target="_blank" data-smartkarma-citation="entities:11858:1">Toyo Seikan Group Holdings L (5901 JP)</a> announced that it intended to conduct a Tender Offer to buy out minorities of its 47.5%-owned subsidiary <a href="https://www.smartkarma.com/entities/15039" target="_blank" data-smartkarma-citation="entities:15039:1">Toyo Kohan Co Ltd (5453 JP)</a>, a company which mostly produces coated/plated/treated steel raw materials for use in other products (like sheet for cans, steel sheet, PC cases…

This is a small-cap Risk Arb situation. I think it relatively safe, but float is under $300mm. A respectable size is possible, but not huge.On the 7th of February after the close, Toyo Seikan Group Holdings L (5901 JP) announced that it intended to conduct a Tender Offer to buy out minorities of its 47.5%-owned subsidiary Toyo Kohan Co Ltd (5453 JP), a company which mostly produces coated/plated/treated steel raw materials for use in other products (like sheet for cans, steel sheet, PC cases…

Toyo Seikan To Take Out Toyo Kohan Minorities

Japan

Toyo Kohan Co., Ltd. processes and distributes surface-treated steel. The Company's products are used for cans, electronic equipment, batteries, computers, and automobile parts.

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Toyo Kohan (5453 JP)

Toyo Seikan To Take Out Toyo Kohan Minorities

This is a small-cap Risk Arb situation. I think it relatively safe, but float is under $300mm. A respectable size is possible, but not huge.On the...

Travis Lundy

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