Makino Milling Machine (6135 JP): Tender Delayed as the Case for a Bump Is Becoming Persuasive
FEFTA approval should be forthcoming. Despite mitigating factors, the case for a bump is increasingly persuasive given peers' material reratings,...
478 Views
Makino Milling Machine (6135 JP): Twin Headwinds as Chinese and US Approvals Secured
The precondition should be satisfied soon. While the re-rating of peers and upgraded guidance have improved MBK’s deal economics, several...
534 Views
Merger Arb Mondays (12 Jan) - Makino, Dongfeng, ENN, Hisamitsu, Pacific Ind, Mandom, Sankei
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
452 Views
Makino Milling Machine (6135 JP): Progress Update While Mixed, Should Calm Nerves
While the update is arguably mixed as it lends support to both the bulls and bears, it is positively skewed, which should calm nerves and narrow...
667 Views
Makino Milling Machine (6135 JP): Tender Offer Risk/Reward
The wide gross spread reflects three concerns. While these concerns have merit, there are mitigating factors. The risk/reward is favourable.
1.1k Views