Smart Share Global: An Interesting Merger Arb Play
​Smart Share Global, formerly Energy Monster, presents a compelling merger arbitrage opportunity with a favorable risk/reward balance. This...
643 Views
Smart Share Global (EM US): Hillhouse Crashes The Party. And Rightfully So
Trading at a gross/annual. spread of 6.4%/24.3%, if late-Nov completion, under the firm initial Offer. And 50% adrift of Hillhouse's indicative...
952 Views
Merger Arb Mondays (18 Aug) - Santos, Shibaura, ENN Energy, Kangji, OneConnect, Smart Share
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
971 Views
Smart Share Global (EM US): Hillhouse Emerges with a Competing Offer
Unlike the Trustar offer, the Hillhouse offer is above the last reported net cash (US$1.62 per ADS). The high premium suggests a low probability...
766 Views
(Mostly) Asia-Pac M&A: Kangji Medical, Ashimori, Carenet, Rezil, HKBN, Toyo Cons., Shibaura Elect.
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
691 Views