In today’s briefing:
- Jastec (9717 JP): NTT Data (9613 JP)’s Tender Offer at JPY1,940
- Intel’s New Segment Reporting. Transparency Or Obfuscation?
- Lions Gate Entertainment: 5 Factors Influencing Its Survival In The Entertainment Industry!
Jastec (9717 JP): NTT Data (9613 JP)’s Tender Offer at JPY1,940
- Jastec Co Ltd (9717 JP) has recommended a tender offer from NTT Data Corp (9613 JP) at JPY1,940 per share, a 37.6% premium to the undisturbed price (5 April).
- The transaction is a two-step acquisition through a cash tender offer and subsequent squeeze-out. The lower limit of the tender offer is set at a 66.67% ownership ratio.
- Based on the irrevocables, the minimum acceptance condition requires a 56.4% minority acceptance rate. The acceptance condition is achievable as the offer represents a 22-year high.
Intel’s New Segment Reporting. Transparency Or Obfuscation?
- Intel launched a new segment reporting structure under which its newly created Foundry P&L allegedly racked up operating losses of ~$17 billion over the past three years
- The Foundry P&L is not expected to reach breakeven until the ’27/’28 timeframe
- Intel’s share price is down >10% in the two days since the new financial model was launched.
Lions Gate Entertainment: 5 Factors Influencing Its Survival In The Entertainment Industry!
- The third quarter 2024 financial results for Lionsgate reveal positive trends contributing to the company’s growth and strategic developments.
- In this update, there are strong indicators of continued growth owing to an impressive performance across the business segments.
- Conversely, there are risks due to the competitive landscape and the strong reliance on hit content titles.
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