Ampol's NBIO for Z Energy: May Need More to Go Through
Ampol has submitted a non-binding indicative proposal to buy Z Energy at HK$3.78/share in cash. We feel that the deal will go through with a bump....
384 Views
Tilt Renewables: Scheme Booklet Out. EGM Firmed
Done deal and trading tight at a 1.0%/7.2% gross/annualised spread. Given the spread and Tilt's low liquidity, this insight is bearish.
399 Views
Tilt Renewables: Mercury/PowAR's Bump Heads Off Third-Party Bidders
Trading tight at a 1.8%/6.0% gross/annualised spread. You could buy here for the spread, and the outside chance a superior Offer does indeed emerge.
433 Views
(Mostly) Asia M&A: March 2021 Roundup
The average premium for the new deals announced (or first discussed) in March was ~31%, with a year-to-date average of ~31% (57 deals).
395 Views
Tilt Renewables: Mercury/PowAr's Big Blow
This is a done deal, and trading tight at a 2.5%/6.1% gross/annualised spread, assuming five months to complete. Given the low float - ~14% - Tilt...
428 Views