Topcon (7732 JP): KKR/JICC-Sponsored Preconditional MBO, with Caveats
The offer, which resulted from a competitive bidding process, represents an all-time high. However, it comes with caveats that could complicate...
622 Views
Merger Arb Mondays (16 June) - Mayne, Pointsbet, Fengxiang, HKBN, Seven & I, Shibaura, Smartpay
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
18 Views
(Mostly) Asia-Pac M&A: New World Res., Fuji Corp, TRYT, Shinsung Tongsang, Austal, Mitsu. Shokuhin
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
179 Views
Topcon (7732 JP): Privatisation Auction Underscores Underlying Value
Despite the share price pop, Topcon trades at a discount to median peer multiples. At an offer of JPY3,000, Topcon would trade in line with median...
569 Views
Thinking About Topcon (7732) And the New METI-Enabled Bad Cop-Good Cop Routine
The METI Guideline on Corporate Takeovers has enabled a BadCop-GoodCop routine to be played out by activists and PE funds. Topcon may be a victim....
2k Views