Grifols/Biotest: Preference Shareholders at Disadvantage & Grifols's Leverage
The deal should succeed and there are no grounds for Grifols to offer more than €37/pref. Price is high, with negative implications for Grifols's...
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Liquid Universe of European Ordinary and Preferred Shares: September Report
Spreads have generally widened during the last four weeks, in line with selling pressure on the markets. Interesting situations are: BMW, Fuchs,...
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Liquid Universe of European Ordinary and Preferred Shares: August Report
Spreads have generally tightened during the last five weeks, with some notorious exceptions like Roche and Volkswagen. It seems the time to put the...
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Liquid Universe of European Ordinary and Preferred Shares: July Report
Discounts/Premiums have not followed a clear trend since mid-June. Interesting situations are Henkel, BMW, and SSAB, in my view.
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Liquid Universe of European Ordinary and Preferred Shares: June Report
Discounts have generally widened across the European space. The report has a summary table and highlights both premiums and discounts as well as...
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