[Japan M&A/Activism] Murakami Group Jump into Sankei REIT (2972) Complicating Things
The Sankei Real Estate REIT (2972 JP) was likely to need a bump. Now you have one as Murakami-san bought 7.36% at 2bp through, and likely now owns...
601 Views
[Japan M&A] Tosei & GIC Bid for Office-Heavy Sankei REIT (2972 JP) At 1.15x PNAV
Sankei Building is getting out of its REIT. Tosei Corp and GIC are bidding to take it private. It's a decent bid if not a total knockout, but I...
1.2k Views
Sankei Real Estate (2972 JP): Tosei/GIC Tender Offer at JPY125,000
The offer is attractive because it represents an all-time high, above book value (P/NAV of 1.15x) and above the midpoint of the IFA’s DDM and...
935 Views
Merger Arb Mondays (12 Oct) - Skyworth, Z Fin, OFX, Ingenia/Peet, Cleanaway, Reliance, Kakaku
I summarise the latest spreads and newsflow for the merger arb situations covered across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
201 Views
Asia-Pac Weekly Wrap: Haitong Unitrust, Xin Yuan Enterprise, Ingenia, Vault, Cleanaway, Baudroie
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
85 Views