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

Adbri (ABC AU) Warms To CRH/Barro's Offer

Quiddity Advisors

Event-Driven

<ul>
<li>On the 27 Feb 2024, construction play <strong><a href="https://www.smartkarma.com/entities/adbri-ltd" target="_blank" data-smartkarma-citation="entities:20166:1" rel="noopener">Adbri (ABC AU)</a></strong> entered into a Scheme Implementation Deed with <strong><a href="https://www.smartkarma.com/entities/crh-plc-054117b2-cd70-470a-9efc-8f6fab2c83ec" target="_blank" data-smartkarma-citation="entities:28655:1" rel="noopener">CRH (CRH US)</a></strong> and 42.7%-shareholder Raymond Barro (Chairman) at $5.20/share.</li>
<li>Conditions include Adbri's shareholder approval and FIRB signing off. Optically, it doesn't appear to be a knockout price. However, Adbri's share price has laboured since the onset of Covid.</li>
<li>The <a href="https://announcements.asx.com.au/asxpdf/20240503/pdf/0636skntgc54m8.pdf" target="_blank" rel="noopener">Scheme Booklet is now out</a>, with a Scheme Meeting to be held on the 12th June. Expected implementation on the 1 July. IE says fair &amp; reasonable.</li>
</ul>


On the 27 Feb 2024, construction play Adbri (ABC AU) entered into a Scheme Implementation Deed with CRH (CRH US) and 42.7%-shareholder Raymond Barro (Chairman) at $5.20/share.
Conditions include Adbri's shareholder approval and FIRB signing off. Optically, it doesn't appear to be a knockout price. However, Adbri's share price has laboured since the onset of Covid.
The Scheme Booklet is now out, with a Scheme Meeting to be held on the 12th June. Expected implementation on the 1 July. IE says fair &amp; reasonable.


Adbri (ABC AU): 12th June Shareholder Vote