(Mostly) Asia-Pac M&A: Makino, Henlius, GAPack, Nec Networks, Suntec REIT, VCredit, Pentamaster
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
558 Views
Suntec REIT (SUN SP): Tang's Offer Now Open
This appears an obligatory MGO. I wouldn't expect the Tangs to extend beyond the First Close. Suntec is not expensive at 0.6x P/B. But I don't...
787 Views
GAPack (468 HK): XJF's Offer Now Open
Even if Bi (9.17%) and Hong (5.55%) don't tender, XJF should still get to 50%. It's still doable even if Mengniu doesn't tender. If illiquid arbs...
874 Views
GA Pack (468 HK): The State of Play
Management will oppose the offer, but the last EGM protest votes suggest that many minorities will ignore management. At the last close, the gross...
839 Views
Henlius (2696 HK): Circ Out. 22nd Jan H-Class Meeting
Currently at a 2.9% gross spread with expected payment around the third week of Feb. I'd pay up to HK$24.10/share for a 15% annualised spread.
826 Views