Avarga (AVARGA SP): Scheme Value Below the Value of Taiga Stake, but Likely Done
The offer values Avarga at a discount to the Taiga stake and at a lower EV/EBITDA multiple than the 2024 MGO. Nevertheless, the scheme vote is low...
277 Views
Avarga (AVARGA SP): Tong's Scheme Is Light
Terms, which have not been declared final, are ok. There may be enough here to facilitate an exit for investors. If illiquid arbs are your bag,...
269 Views
Asia-Pac M&A [May 2026 Wrap]: Vault Minerals, Kakaku.com, Nippon Dry Chemical, Paltac Corporation
The average premium for the new transactions announced (or first discussed) in May was ~57%, and a year-to-date average of 48%.
92 Views
Merger Arb Mondays (01 Jun) - Taiyo, Kodensha, Shinko Shoji, Atlas, Qoria, OOh!media, Tourism Hldgs
I summarise the latest spreads and newsflow for the merger arb situations we cover across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
95 Views
Asia-Pac M&A Weekly Wrap: Atlas Arteria, Tourism Hold., Kodensha, Qoria, Shengmu, Guocoland Malaysia
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
93 Views