Asia-Pac Weekly Risk Arb Summary: Z Energy, ARA Logos, Yorkey Optical
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
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Ampol Enters a Binding SIA to Acquire Z Energy
Ampol’s total offer price of NZ$3.83 is a premium to EV/EBITDA multiples and post-COVID-19 share prices. Deal close in 1H22. Shares are trading at...
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Z Energy (ZEL NZ) Enters Into Scheme With Ampol
Currently trading at a gross/annulised return of 5.35/9.4%, assuming early May completion. Not bad, but as this is likely a long-dated deal, I...
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Z Energy: Delta Variant Less Severe on Earnings
Z EnergyDelta Variant Less Severe on Earnings NEUTRAL Sixteen months ago Z Energy (ZEL) was raising capital due to the effects of the first...
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Z Energy: Middling Bid May Flush Out Competing Bid
Z EnergyMiddling Bid May Flush Out Competing Bid NEUTRAL Whilst on the face of it Ampol's (ALD) NZ$3.78 bid for Z Energy (ZEL) appears...
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