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 26 years of covering Asia Pacific equities, the past 20 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

Atlas Arteria (ALX AU): IFM's Offer Now Open; Taps Panel Over OTPP's ROFO

Atlas Arteria (ALX AU): The IE Says NOT Fair & Reasonable. All Eyes On Skyway's Put Option

Atlas Arteria (ALX AU): IFM Advances Offer Benefits & ALX's Tepid Response

Atlas Arteria (ALX AU): IFM Makes Its Move

Atlas Arteria (ALX AU): IFM Creeps To A ~35% Stake

Atlas Arteria (ALX AU): IFM Ups Stake As Shares Waver

Quiddity Advisors

Event-Driven

<ul>
<li>After IFM launched a A$4.75/share 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>, increasing to A$5.10/share IF it secures 45%, I thought Atlas may reject terms, but ultimately would be supportive.</li>
<li>
I was wrong. In a strongly worded <a href="https://announcements.asx.com.au/asxpdf/20260506/pdf/06z8zrlbwr8xht.pdf" target="_blank" rel="noopener">rebuttal</a>, Atlas has declared the Offer to be too low, opportunistic, and highly conditional. </li>
<li>Specifically, Altas unpicks the conditions to the Offer which "seek to constrain Directors and management from running the business".</li>
</ul>


After IFM launched a A$4.75/share offer for Atlas Arteria (ALX AU), increasing to A$5.10/share IF it secures 45%, I thought Atlas may reject terms, but ultimately would be supportive.

I was wrong. In a strongly worded rebuttal, Atlas has declared the Offer to be too low, opportunistic, and highly conditional. 
Specifically, Altas unpicks the conditions to the Offer which "seek to constrain Directors and management from running the business".


Atlas Arteria (ALX AU) Stomps On IFM's  "Opportunistic" Offer