Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Considering the progress of the legislative process at this juncture, the effective date could be as early as the end of this year or, at the latest, early next year.</li>
<li>
<strong><a href="https://www.smartkarma.com/entities/ilooda-co-ltd" target="_blank" data-smartkarma-citation="entities:40136:1" rel="noopener">Ilooda (164060 KS)</a></strong> will likely become the first case. A tender offer at ₩11,000 (a 30% premium to the current price) per share for 14%+1 share may greet us.</li>
<li>There is sufficient value in monitoring the interaction between the offer structure and stock price movement in the context of the first application of a mandatory tender offer in Korea.</li>
</ul>


Considering the progress of the legislative process at this juncture, the effective date could be as early as the end of this year or, at the latest, early next year.

Ilooda (164060 KS) will likely become the first case. A tender offer at ₩11,000 (a 30% premium to the current price) per share for 14%+1 share may greet us.
There is sufficient value in monitoring the interaction between the offer structure and stock price movement in the context of the first application of a mandatory tender offer in Korea.


Latest Development & Potential First Target of Mandatory Tender Offer in Korea

South Korea

ILOODA Co., Ltd. is engaged in the manufacturing and development of medical devices. It develops and produces laser system for skin, beauty, plastic surgery and dental areas. The company was founded on November 1, 2006 and is headquartered in Suwon-si, South Korea.

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Latest Development & Potential First Target of Mandatory Tender Offer in Korea

This post offers an update on the progress made in legalizing the proposed mandatory tender offer in Korea and discovers the potential first target...

Sanghyun Park