Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Apollo Tourism & Leisure Ltd / Event-Driven

<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)

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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