IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/i-net-corp" target="_blank" data-smartkarma-citation="entities:15979:1" rel="noopener">I Net Corp (9600 JP)</a> has recommended a tender offer from <a href="https://www.smartkarma.com/entities/orix-corp" target="_blank" data-smartkarma-citation="entities:9936:1" rel="noopener">Orix Corp (8591 JP)</a> at JPY2,530, a 53.4% premium to the last close.</li>
<li>The offer is attractive as it is above the midpoint of the target IFA DCF valuation range and represents an all-time high. </li>
<li>Despite the high required minority tendering rate, an attractive offer facilitates completion. The tender runs from 3 October to 17 November.  </li>
</ul>



I Net Corp (9600 JP) has recommended a tender offer from Orix Corp (8591 JP) at JPY2,530, a 53.4% premium to the last close.
The offer is attractive as it is above the midpoint of the target IFA DCF valuation range and represents an all-time high. 
Despite the high required minority tendering rate, an attractive offer facilitates completion. The tender runs from 3 October to 17 November.  


I-Net Corp (9600 JP): ORIX Corp (8591 JP)’s Tender Offer at JPY2,530

Japan

RYOMO SYSTEMS CO., LTD. designs and develops systems and software.  The Company, based in Gunma, also provides various services such as system integration, data processing, data entry, outsourcing, setup, and consulting.

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Ryomo Systems (9691 JP)

I-Net Corp (9600 JP): ORIX Corp (8591 JP)’s Tender Offer at JPY2,530

The offer is attractive as it is above the midpoint of the target IFA DCF valuation range and represents an all-time high. This should get done.

Arun George

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