Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<p>A few weeks ago, my colleague - <a href="https://www.smartkarma.com/profiles/5" target="_blank" data-smartkarma-citation="accounts:5">Arzish Baaquie</a> - put out an insight covering ASML's offer for Hermes Microvision ("HMI"), titled: <a href="https://www.smartkarma.com/insights/asml-hermes-microvision-beam-me-up" target="_blank" data-smartkarma-citation="insights:4302">ASML-Hermes Microvision: Beam Me Up</a> .</p><p>In this report, we examine the transaction in greater detail, particularly from an anti-trust angle.</p><h2>Transaction Details</h2><ul>
<li>Cash offer - TWD 1,410/share</li>
<li>Transaction Size: USD 3.1 billion</li>
<li>Transaction funding: EUR 1.5 Bn debt, plus an additional EUR 500 Mn of equity issuance <ul><li>
<em>Note: on 4 July 2016, ASML successfully placed EUR 1.5 Bn in two</em>…</li></ul>
</li>
</ul>

A few weeks ago, my colleague - Arzish Baaquie - put out an insight covering ASML's offer for Hermes Microvision ("HMI"), titled: ASML-Hermes Microvision: Beam Me Up .In this report, we examine the transaction in greater detail, particularly from an anti-trust angle.Transaction Details
Cash offer - TWD 1,410/share
Transaction Size: USD 3.1 billion
Transaction funding: EUR 1.5 Bn debt, plus an additional EUR 500 Mn of equity issuance 
Note: on 4 July 2016, ASML successfully placed EUR 1.5 Bn in two…



ASML - Hermes Microvision: A Take on the Anti-Trust Angle