IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ajis-co-ltd" target="_blank" data-smartkarma-citation="entities:3539:1" rel="noopener">AJIS Co Ltd (4659 JP)</a> has recommended Saito Holdings' tender offer at JPY4,450, a 8.3% premium to the last close and a 46.4% premium to the undisturbed price (16 February). </li>
<li>The offer represents an all-time high and aligns with the midpoint of the IFA DCF valuation range. The irrevocables will satisfy the minimum.</li>
<li>The likelihood of a competing offer is low, as the founding family can block a rival EGM vote on the share consolidation. Therefore, this is a done deal.</li>
</ul>



AJIS Co Ltd (4659 JP) has recommended Saito Holdings' tender offer at JPY4,450, a 8.3% premium to the last close and a 46.4% premium to the undisturbed price (16 February). 
The offer represents an all-time high and aligns with the midpoint of the IFA DCF valuation range. The irrevocables will satisfy the minimum.
The likelihood of a competing offer is low, as the founding family can block a rival EGM vote on the share consolidation. Therefore, this is a done deal.


AJIS (4659 JP): Founding Family’s Tender Offer Is a Done Deal