Ramelius-Spartan Merger As Gold Ekes Out New Highs
This is all stiched up. No competing Offer will emerge. Trading tight at 1.5%. If you can take down borrow cheaply on Ramelius, do so.
509 Views
Spartan Resources (SPR AU): Ramelius Resources (RMS AU) Attractive Offer
The offer is attractive compared to peer multiples, precedent transactions and historical trading ranges. The scheme meeting is targeted for mid-July.
487 Views
MV Global Junior Gold Miners Index Rebalance: 7 Adds & Other Changes Lead to US$610m Trade
7 adds, float and capping changes lead to one-way turnover of 5.3% and a round-trip trade of US$610m. Spartan is also and ASX200 add while OBM is...
958 Views
Merger Arb Mondays (17 Mar) - Seven & I, Tenma, Proto, OneConnect, Vesync, Tam Jai, Insignia
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
583 Views
Spartan Resources (SPR AU): A Rumoured Merger with Ramelius Resources (RMS AU)
My analysis suggests an exchange ratio of around 0.82x (0.82x RMS share per SPR share). This implies an SPR price of A$1.80, a 12.8% premium to the...
1k Views