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

Quiddity Advisors

Event-Driven

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<p>Back on the 11 May,  real estate manager <a href="https://www.smartkarma.com/entities/apn-property-group-ltd" target="_blank" data-smartkarma-citation="entities:3730:1" rel="noopener">Apn Property Group (APD AU)</a> announced it had entered into a Scheme with <a href="https://www.smartkarma.com/entities/dexus" target="_blank" data-smartkarma-citation="entities:403:1" rel="noopener">Dexus Property (DXS AU)</a> at a price of A$0.915/share (including a A$0.015/share dividend), a 50% premium to last close, and a decade-plus high. The Offer had the unanimous backing of APN directors. In addition, APN directors holding 33% of APN's outstanding shares intend to vote in favour of the Scheme.</p>
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<p>Separately, APN Chairman Chris Aylward had granted Dexus a call option over 19.9% of APN's shares, exercisable in the event a competing proposal.</p>
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<p>This was, and is, a done deal.</p>
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<p>The Scheme Booklet is now <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02385052-3A568916?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">out</a>. The Scheme Meeting will be held on the 27 July, with an expected implementation date of the 13 August.</p>
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<p>The Independent Expert has concluded the Scheme is fair and reasonable in the absence of a superior proposal. </p>
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<p>More below the fold.</p>
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Back on the 11 May,  real estate manager Apn Property Group (APD AU) announced it had entered into a Scheme with Dexus Property (DXS AU) at a price of A$0.915/share (including a A$0.015/share dividend), a 50% premium to last close, and a decade-plus high. The Offer had the unanimous backing of APN directors. In addition, APN directors holding 33% of APN's outstanding shares intend to vote in favour of the Scheme.


Separately, APN Chairman Chris Aylward had granted Dexus a call option over 19.9% of APN's shares, exercisable in the event a competing proposal.


This was, and is, a done deal.

The Scheme Booklet is now out. The Scheme Meeting will be held on the 27 July, with an expected implementation date of the 13 August.


The Independent Expert has concluded the Scheme is fair and reasonable in the absence of a superior proposal. 


More below the fold.



APN Property (APD AU): Scheme Booklet Out. EGM Firmed

APN Property Group

APN Property (APD AU): Scheme Booklet Out. EGM Firmed