Soft99 Corp (4464 JP): Potential Outcomes as the Board Responds to Effissimo Allegations
The two likeliest outcomes are 1) the MBO succeeds at current terms with KeePer likely joining BidCo, and 2) both offers fail. The risk/reward is...
674 Views
(Mostly) Asia-Pac M&A: Soft99, Seven West Media, ReNew Energy Global, Spindex Industries
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
432 Views
Soft99 Corp (4464 JP): Hope and Despair as the MBO Close Extended
The chances that KeePer accepts the Effissimo offer have increased. However, the current non-KeePer acceptances of the MBO make it highly...
478 Views
Merger Arb Mondays (29 Sep) - Soft99, Ashimori, Mandom, Paramount, OneConnect, Dongfeng, Spindex
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
585 Views
[Japan M&A/Activism] Soft99 Board Comes Out Against Effissimo Bid 66% Above MBO Price
The Soft99 Board has come out to say that the ¥4,100 bid by Effissimo is "unfair" to General Shareholders whereas the ¥2,465/share (<1x PBR) MBO is...
830 Views