European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Advent × U-Blox — 64.64% Vs 66⅔%; Watch Oct 15

Event-Driven

<ul>
<li>Offer now successful at 67.55%; Additional Acceptance Period runs 16–29 Oct. Shares at CHF 134.6 versus CHF 135offer leave minimal upside.</li>
<li>Focus shifts to elections/settlement mechanics: tender elections, UBXNE line, EGM approvals, and remaining clearances. Expect delisting then squeeze-out if thresholds reached; execution risk dominates spread.</li>
<li>Risk-Arb stance: tender in; keep sizing conservative. Residual carry ~1–2% annualized depending on settlement timing; liquidity remains good but may tighten as AAP progresses.</li>
</ul>


Offer now successful at 67.55%; Additional Acceptance Period runs 16–29 Oct. Shares at CHF 134.6 versus CHF 135offer leave minimal upside.
Focus shifts to elections/settlement mechanics: tender elections, UBXNE line, EGM approvals, and remaining clearances. Expect delisting then squeeze-out if thresholds reached; execution risk dominates spread.
Risk-Arb stance: tender in; keep sizing conservative. Residual carry ~1–2% annualized depending on settlement timing; liquidity remains good but may tighten as AAP progresses.


Advent - U-Blox: Offer Successful (67.55%); AAP 16–29 Oct; ~0.3% Residual Spread

U-Blox AG

Advent - U-Blox: Offer Successful (67.55%); AAP 16–29 Oct; ~0.3% Residual Spread