Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

51job's Egregious Offer: Dissentient Shareholders Commence Court Proceedings

51job (JOB US): Shares Pop As Financing Progresses

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 12 January this year, <a href="https://www.smartkarma.com/entities/51-job-inc-adr" target="_blank" data-smartkarma-citation="entities:532:1" rel="noopener"><strong>51 Job Inc (JOBS US)</strong></a> announced the Offeror had proposed reducing the merger consideration from US$79.05 in cash per common share to US$57.25.</li>
<li>Yesterday 51job said it has <a href="https://ir.51job.com/ir/php/2022/PreRelease20220301.php" target="_blank" rel="noopener">entered</a> into a revised merger agreement at US$61.00/share, a 6.55% bump in terms, but still 22.8% down the initial terms. </li>
<li>Presumably, the amended proposal still requires no PRC regulatory filing. This transaction appears to be done this time, with completion in the 2Q22.</li>
</ul>


Back on the 12 January this year, 51 Job Inc (JOBS US) announced the Offeror had proposed reducing the merger consideration from US$79.05 in cash per common share to US$57.25.
Yesterday 51job said it has entered into a revised merger agreement at US$61.00/share, a 6.55% bump in terms, but still 22.8% down the initial terms. 
Presumably, the amended proposal still requires no PRC regulatory filing. This transaction appears to be done this time, with completion in the 2Q22.


51job (JOB US)'s Offer Price Back Up To $61

51 Job Inc Adr

51job (JOB US)'s Offer Price Back Up To $61