Merger Arb Mondays (17 Nov) - Mandom, Paramount Bed, Maruwn, Paris Miki, Mayne, AUB, Genting
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
593 Views
Mostly Asia-Pac M&A: Mayne Pharma, Meilan Airport, ReNew Energy Global, Mandom, Restaurant Brands
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
514 Views
[Japan Activism] Mandom (4917 JP) - Murakami at 20% and Mandom Offers A Sweet Poison Pill
Mandom has launched a "Response Policy" - a standstill which leads to a poison pill for anyone/group over 20%, like Murakami-san. But this one is...
1.9k Views
Mandom (4917 JP): Countermeasures Ostensibly to Buy Time for a Higher Offer
The method is regrettable, but the purported intention to secure time for a higher offer is acceptable. The current offer terms are untenable, and...
934 Views
[Japan Activism] Mandom (4917 JP) MBO Sees Murakami Pushing Harder, Now at 16.59%
The silence around Mandom is unsurprising. Now trading ~25% through terms, suggesting there is no likelihood the current deal gets up. 1 turn of...
1.1k Views