Merger Arb Mondays (27 Apr) - Makino, Skyworth, ENN, Changhong Jiahua, Qoria, Qube, Emmerson
I summarise the latest spreads and newsflow for the merger arb situations we cover across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
284 Views
Asia-Pac M&A Weekly Wrap: Makino Milling, Matrix Composites, Qube, Qoria, Changhong Jiahua, Ingenia
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
373 Views
Makino Milling Machine (6135 JP): A Rollercoaster Ride as NSSK Rumoured to Launch a Competing Bid
While the NSSK offer will be preconditional on regulatory approvals, it will not require FEFTA approval. I estimate the NSSK potential offer to be...
566 Views
[Japan M&A] Japan Govt Quashes MBK Bid for Makino Milling (6135) - Foreign Buys of Sensitives Toast?
A couple of hours after I wrote this, the Nikkei reported that domestic PE firm NSSK, which had been one of the white-knight bidders a year ago,...
653 Views
Makino Milling Machine (6135 JP): Precedent Set as FEFTA Approval Is Rumoured to Be Not Forthcoming
FEFTA-related deal break is rare. Due to a significant re-rating of peers/index and upgraded forecasts since the offer announcement, the share...
591 Views