Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>There are 49 - mostly firm - transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.</li>
<li>Two new deals this week: <a href="https://www.smartkarma.com/entities/frasers-hospitality-trust" target="_blank" data-smartkarma-citation="entities:913:1" rel="noopener">Frasers Hospitality Trust (FHT SP)</a>'s Scheme, and  <a href="https://www.smartkarma.com/entities/pfizer-inc" target="_blank" data-smartkarma-citation="entities:1131:1" rel="noopener">Pfizer Inc (PFE US)</a>'s Offer for <a href="https://www.smartkarma.com/entities/narhex-life-sciences-ltd" target="_blank" data-smartkarma-citation="entities:9728:1" rel="noopener">Resapp Health (RAP AU)</a>.</li>
<li>Key updates took place for: <a href="https://www.smartkarma.com/entities/link-administration-holdings-ltd" target="_blank" data-smartkarma-citation="entities:970:1" rel="noopener">Link Administration (LNK AU)</a>, <a href="https://www.smartkarma.com/entities/virtus-health-ltd" target="_blank" data-smartkarma-citation="entities:14776:1" rel="noopener">Virtus Health (VRT AU)</a>, <a href="https://www.smartkarma.com/entities/toyo-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:1176:1" rel="noopener">Toyo Construction (1890 JP)</a>, <a href="https://www.smartkarma.com/entities/kito-corporation" target="_blank" data-smartkarma-citation="entities:19512:1" rel="noopener">Kito Corporation (6409 JP)</a>, and <a href="https://www.smartkarma.com/entities/hwa-hong-corp-ltd" target="_blank" data-smartkarma-citation="entities:6648:1" rel="noopener">Hwa Hong Corp (HWAH SP)</a>.</li>
</ul>


There are 49 - mostly firm - transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
Two new deals this week: Frasers Hospitality Trust (FHT SP)'s Scheme, and  Pfizer Inc (PFE US)'s Offer for Resapp Health (RAP AU).
Key updates took place for: Link Administration (LNK AU), Virtus Health (VRT AU), Toyo Construction (1890 JP), Kito Corporation (6409 JP), and Hwa Hong Corp (HWAH SP).


Asia-Pac Weekly Risk Arb Wrap: ResApp Health, Kto Corp, Link Admin, Toyo, Fraser Hospitality

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Apollo Tourism & Leisure Ltd / Event-Driven

<ul>
<li>The Scheme Booklet for the Apollo-THL Deal was published yesterday. The Scheme Meeting will be held at 10.00am (AEST) on Wednesday, 20th April 2022.</li>
<li>The Independent Expert has concluded that the Scheme is fair and reasonable and in the best interests of <a href="https://www.smartkarma.com/entities/apollo-tourism-leisure-ltd" target="_blank" data-smartkarma-citation="entities:24305:1" rel="noopener">Apollo Tourism &amp; Leisure Ltd (ATL AU)</a> shareholders.</li>
<li>The spread has contracted since my previous insight <a href="https://www.smartkarma.com/insights/apollo-thl-scrip-merger-of-rv-travel-companies-trading-wide-now" target="_blank" data-smartkarma-citation="insights:62423" rel="noopener">Apollo - THL: Scrip Merger of RV Travel Companies Trading Wide Now</a>. Below is an update on this situation. </li>
</ul>


The Scheme Booklet for the Apollo-THL Deal was published yesterday. The Scheme Meeting will be held at 10.00am (AEST) on Wednesday, 20th April 2022.
The Independent Expert has concluded that the Scheme is fair and reasonable and in the best interests of Apollo Tourism &amp; Leisure Ltd (ATL AU) shareholders.
The spread has contracted since my previous insight Apollo - THL: Scrip Merger of RV Travel Companies Trading Wide Now. Below is an update on this situation. 


Apollo - THL: Scheme Booklet Out, Meeting on 20th April 2022

<ul>
<li>Last week, Australia-based <a href="https://www.smartkarma.com/entities/apollo-tourism-leisure-ltd" target="_blank" data-smartkarma-citation="entities:24305:1" rel="noopener">Apollo Tourism &amp; Leisure Ltd (ATL AU)</a> and New Zealand-based <a href="https://www.smartkarma.com/entities/tourism-holdings-ltd" target="_blank" data-smartkarma-citation="entities:2787:1" rel="noopener">Tourism Holdings (THL NZ)</a> agreed to merge in a ~US$430mn all-scrip transaction.</li>
<li>Apollo Shareholders will receive 1 new ordinary THL share for every 3.680818 ordinary Apollo shares held. The Deal is conditional on shareholder and regulatory approvals and other conditions.</li>
<li>Below is a closer look at the details of this Deal and potential reasons for why it is trading wide with roughly six months to completion.</li>
</ul>


Last week, Australia-based Apollo Tourism &amp; Leisure Ltd (ATL AU) and New Zealand-based Tourism Holdings (THL NZ) agreed to merge in a ~US$430mn all-scrip transaction.
Apollo Shareholders will receive 1 new ordinary THL share for every 3.680818 ordinary Apollo shares held. The Deal is conditional on shareholder and regulatory approvals and other conditions.
Below is a closer look at the details of this Deal and potential reasons for why it is trading wide with roughly six months to completion.


Apollo - THL: Scrip Merger of RV Travel Companies Trading Wide Now

Australia

Apollo Tourism & Leisure Ltd manufactures, rents, sells, and distributes a range of recreational vehicles. The Company offers motorhomes, campervans, and caravans. Apollo Tourism & Leisure serves customers worldwide.

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Apollo Tourism & Leisure Ltd (ATL AU)

Asia-Pac Weekly Risk Arb Wrap: ResApp Health, Kto Corp, Link Admin, Toyo, Fraser Hospitality

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Apollo - THL: Scheme Booklet Out, Meeting on 20th April 2022

Apollo-THL merger Scheme Booklet was released on 21st February 2022. The Scheme Meeting is expected to take place on 20th April 2022. The Deal is...

Janaghan Jeyakumar, CFA

Apollo - THL: Scrip Merger of RV Travel Companies Trading Wide Now

Australia-based Apollo Tourism and New Zealand-based Tourism Holdings have agreed to merge in an all-scrip transaction. Here is a discussion on...

Janaghan Jeyakumar, CFA

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