[Japan Activism/M&A] - Closing In On the Tsuruha Partial Tender - Likely Needs To Be Higher
The Tsuruha/Welcia merger is official in 6 weeks. There is index buying between now and then, then a Partial Offer, then synergies to come. It's a...
1.2k Views
Trial: Bringing Competition to Convenience Stores?
Trial HD's acquisition of Seiyu in Tokyo expands its interests and introduces Trial GO stores offering affordable fresh food, potentially...
353 Views
Seven & I Holdings (3382 JP): Dead Money as Couche-Tard Unsurprisingly Walks
In theory, the sell-off presents a buying opportunity (My SoTP valuation is JPY 2,376). However, the shares are likely to tread water as there are...
552 Views
Merger Arb Mondays (23 June) - ENN Energy, Dickson, HKBN, Mayne, Insignia, Santos, Smartpay
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
575 Views
OK Super: Disrupting Kansai Supermarket Sector
OK Super's entry into the Kansai market is shaking up local competitors with its deep discounts, posing a threat to existing chains lacking...
370 Views