In today’s briefing:
- Last Week in Event SPACE: Toshiba, Mapletree, Link Admin, Cayman’s Headcount, Razer, Crown Resorts
Last Week in Event SPACE: Toshiba, Mapletree, Link Admin, Cayman’s Headcount, Razer, Crown Resorts
- Toshiba (6502 JP)‘s activists are stuck. So are management. 3+ years since the last big buyback, 3 new CEOs and we are back to the drawing board for both management/activists.
- Quarz and Mapletree North Asia Commercial Trust (MAGIC SP) holders “win” to get a Cash-Only Consideration bump to 1.0x Price/Sep2021 NAV at S$1.1949/unit. This gets them out at NAV.
- Regulatory overhang sees Link Administration Holdings (LNK AU)‘s spread to terms trading wide.
Before it’s here, it’s on Smartkarma
