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

Weekly Deals Digest (03 May) - Atlas Arteria, European Lithium, OOh!Media, ENN, Sankei RE, Makino

Atlas Arteria (ALX AU): Unsurprising Rejection but Surprising Potential Skyway Sale

Merger Arb Mondays (11 May) - Altas, European Lithium, Atlantic Lithium, Vault, Emmerson, Shengmu

Atlas Arteria in the Crosshairs of IFM Investors

Uncompromised, Independent, Conflict-Free Research

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>IFM has launched an off-market takeover offer for <a href="https://www.smartkarma.com/entities/atlas-arteria-ltd" target="_blank" data-smartkarma-citation="entities:14430:1" rel="noopener">Atlas Arteria (ALX AU)</a> at a base consideration of A$4.75, which will increase to A$5.10 if IFM holds 45% stake.</li>
<li>The offer is subject to several conditions. The waiver of third-party rights related to the change of control condition is the most problematic.</li>
<li>The maximum offer is the best and final.  While the Board is likely to recommend that shareholders reject the offer, the maximum offer's acceptance threshold can still be satisfied.</li>
</ul>


IFM has launched an off-market takeover offer for Atlas Arteria (ALX AU) at a base consideration of A$4.75, which will increase to A$5.10 if IFM holds 45% stake.
The offer is subject to several conditions. The waiver of third-party rights related to the change of control condition is the most problematic.
The maximum offer is the best and final.  While the Board is likely to recommend that shareholders reject the offer, the maximum offer's acceptance threshold can still be satisfied.


Atlas Arteria (ALX AU): Patience Runs Out as IFM Launches a Takeover Offer