In today’s briefing:
- Tuas Ltd Placement: Cheap Acquisition Funded by Expensive Currency
Tuas Ltd Placement: Cheap Acquisition Funded by Expensive Currency
- Tuas Ltd (TUA AU) is looking to raise around US$239m in its fully underwritten Australian placement.
- The company will use the proceeds to partially fund the acquisition of Singaporean digital network operator M1.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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