(Mostly) Asia-Pac Weekly Risk Arb Wrap: Benefit One, Japan Best Rescue System, IJTT, Ohizumi, VNET
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
672 Views
StubWorld: Pasona's Expanding Cash Pile
What does Pasona do with the extra cash from the sale? Even without a special dividend, and the question mark over where the proceeds would be...
604 Views
Benefit One (2412 JP): M3’s Partial Tender Offer
Irrevocables from Pasona represent a 51.16% ownership ratio, satisfying the minimum acceptance condition. The JPY1,600 partial offer is light vs....
807 Views
Big M3 (2413) Partial TOB As Pasona Sells Control of Benefit One (2412): Really Interesting Dynamics
Investors have pestered Pasona to bail on Benefit One for years. Now down 80% from highs two years ago, it is doing so. M3 is launching a tender to...
2k Views
TOPIX Inclusion: Bewith (9216 JP)
Japan-Based BPO company Bewith was listed in the First Section of the Tokyo Stock Exchange on 2nd March 2022. Here is a look at the estimated...
855 Views