Daily Brief Consumer: Shankara Building Products L, Macromill, Inc, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi, Koninklijke Ahold Delhaize NV and more

• Shankara Building Products L (SHANKARA IN) plans to demerge its steel manufacturing and building materials marketplace, enabling each business to operate independently with tailored leadership and capital allocation strategies.
• This separation allows for targeted expansions in non-steel product lines and dedicated manufacturing improvements, potentially raising margins and fueling profitable growth in India’s booming construction market.
• Focused leadership, improved transparency, and strategic capital deployment could enhance investor confidence, offering significant upside as Shankara refocuses on high-growth segments and streamlines its operations post-demerger.

• Macromill, Inc (3978 JP) disclosed a revised tender offer from CVC at JPY1,250, an 8.7% premium to the previous JPY1,150 offer. The offer has been declared final.
• The revised offer is reasonable compared to historical trading ranges. Since the announcement of the offer, the share price has never exceeded it.
• CVC seeks an irrevocable from Oasis, but Oasis has several reasons to ignore the overtures. Due to the high required acceptance rate, a gross spread of 0.2% is unattractive. 

• Hepsiburada, a Turkish e-commerce company, is being acquired by Kazakh ‘super app’ Kaspi at a price of $4.75 per Class B share
• Current market price of HEPS is $3.35, presenting a potential merger arbitrage opportunity for investors
• Market misunderstanding of Turkish capital market rules may lead to a mandatory offer for remaining Class B shares at the same price in cash

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• For the first time in decades, Ahold Delhaize’s main Dutch rival Jumbo saw its FY24 sales falling short of the prior year’s level.
• Besides, its market share decreased for the third consecutive year. According to Jumbo, both are mainly the result of price cuts and the ban on tobacco sales, which has been in force since July.
• Royal Jumbo Food Group’s FY24 sales came in at EUR 10.72bn, down by about 2.7% when compared to a year earlier.