Merger Arb Mondays (18 May) - ENN, Skyworth, Tohoku, Shinko Shoji, Kakaku, Taiyo, Qoria, OOh!media
I summarise the latest spreads and newsflow for the merger arb situations we cover across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
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Tohoku Steel (5484 JP): Daido Steel (5471 JP)’s Tender Offer at 1.9x Last Close
There is no lower limit, as the offeror and irrevocables already exceed the two-thirds voting threshold. This is a done deal.
105 Views
Toyota: Down with Dysprosium
Toyota announced on Tuesday that it had successfully developed a neodymium magnet that not only eliminated the usage of dysprosium (~USD300/kg) and...
302 Views
USD/JPY Macro Low and Fresh Position Webcast
Chartonics flash Tuesday 30 August 2016USD/JPY macro low and position update webcastWe have made a USD bull case from JPY 100 or 95 if we broke...
4.2k Views
Daido Steel – Specialty Strength with Strategic Upside
​Japanese specialty steelmaker focusing on high-margin growth products like stainless steel, magnets, and aerospace forgings, but faces risks from...
514 Views