Weekly Deals Digest (11 May) - CATL, Hengrui, Imagica, MitShokuhin, NTT Data, Shibaura, Torii, ZEEKR
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
547 Views
Imagica (6879 JP): MBO Tender Offer at JPY795
The offer is reasonable compared to historical trading ranges and is above the midpoint of the IFA DCF valuation range. The high irrevocables pave...
473 Views
Tohokushinsha Film (2329 JP): 3D Persists Despite Strong Pushback
3D’s persistence suggests a strategy to test the controlling shareholder's resolve by bumping the offer. As this outcome is likely, the shares will...
488 Views
Tohokushinsha Film (2329 JP): Potential Scenarios as 3D Lobs a Privatisation Proposal
The possible scenarios are that a white knight emerges to buy 3D’s stake/launch a counteroffer, 3D bumps the offer price, or the Board introduces a...
575 Views
Infocom (4348 JP) - The Meaning of 'Binding Bids' and '¥250bn'
Infocom has run 50% in a month since we learned Sony might bid against PE firms to take the co private. If one looks at this as SOTP, it's...
944 Views