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.

Assura Takeover: Potential Auction Driving Bid Upside – KKR Vs. PHP with 50.81p Target Price

Assura Thing: PHP’s Clean-Up Basis into October

Assura's Takeover: Buy as KKR’s Final Offer Nears Completion

Certainty Vs. Upside: Navigating the Assura-KKR-PHP Showdown

Event-Driven

<ul>
<li>KKR’s firm cash bid of 50.24p offers a modest +0.56% premium to Assura’s current price, anchoring downside risk in this live UK REIT takeover contest.</li>
<li>PHP’s offer implies upside only if its share price rebounds; spread turns positive beyond 98p, with optionality up to +7.4% if PHP retests its six-month high.</li>
<li>Limited arbitrage remains, but a final round auction or revised bid could unlock renewed spread capture; monitor deal calendar ahead of the 12 August offer deadline.</li>
</ul>


KKR’s firm cash bid of 50.24p offers a modest +0.56% premium to Assura’s current price, anchoring downside risk in this live UK REIT takeover contest.
PHP’s offer implies upside only if its share price rebounds; spread turns positive beyond 98p, with optionality up to +7.4% if PHP retests its six-month high.
Limited arbitrage remains, but a final round auction or revised bid could unlock renewed spread capture; monitor deal calendar ahead of the 12 August offer deadline.


Assura: Bid Floor in Place, Upside Optionality Hinges on Revised PHP Terms or Auction Outcome

Assura PLC

Assura: Bid Floor in Place, Upside Optionality Hinges on Revised PHP Terms or Auction Outcome