Weekly Deals Digest (04 Oct) - Nikkon, BASE, Kakaku, PHC, Sankei RE, Northern Star, Ingenia
A weekly summary of key developments in ECM and Event-Driven names that I track in Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia,...
97 Views
BASE (4477 JP): SBI’s Tender Extension Signals a Price Bump Is Needed
SBI extended its BASE tender to 15 October at JPY340, signalling tepid take-up. Despite its partial-offer track record and peer derating, a bump...
108 Views
Kakaku.com (2371 JP): EQT/DG's JPY1 Bump Puts the Onus on Bain/LY to Go Big
Bain/LY's most credible path is a substantive bump above JPY3,755, ideally towards the high end of its IFA DCF range (JPY3,923). Whether Bain/LY...
111 Views
[Japan M&A] EQT Raises by ÂĄ1 (+0.272%) To Still Below Maket, But EQT Language Could Speed Things Up
EQT has overbid its old underbid (to Bain's too-weak placeholder overbid) by a whopping ÂĄ1/share. Again. Now they are both placeholders but EQT is...
182 Views
Kakaku.com (2371 JP): Bain/LY’s Latest Offer Is Playing a Dangerous Game
Bain/LY's latest offer underwhelms. While there remain arguments for continued escalation, the “winning” offer is unlikely to exceed the last close...
138 Views