Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>After the market close on 11 December, Trillion Luck Group announced a tender offer of a 52.5% stake in Rothwell International Co (900260 KS).</li>
<li>The tender offer price is 1,580 won per share, which is 58% higher than current price.</li>
<li>There has not been a meaningful positive impact of keeping Rothwell publicly listed in Korea. It makes more sense to take the company private. </li>
</ul>


After the market close on 11 December, Trillion Luck Group announced a tender offer of a 52.5% stake in Rothwell International Co (900260 KS).
The tender offer price is 1,580 won per share, which is 58% higher than current price.
There has not been a meaningful positive impact of keeping Rothwell publicly listed in Korea. It makes more sense to take the company private. 


A Tender Offer of 52.5% Stake in Rothwell International by Trillion Luck Group