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 Advances Offer Benefits & ALX's Tepid Response

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

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

Atlas Arteria (ALX AU): IFM Makes Its Move

Quiddity Advisors

Event-Driven

<ul>
<li>A lot to unpack: the Panel declines IFM's application; the <strong>Skyway ROFO</strong> has expired; and the Target Statement is now out - the IE says <strong>NOT fair and NOT reasonable</strong>.</li>
<li>The ROFO expiration should come as no surprise. Nor should the IE conclusion. IFM's independent directors previously issued a <a href="https://announcements.asx.com.au/asxpdf/20260506/pdf/06z8zrlbwr8xht.pdf" target="_blank" rel="noopener">strongly worded rebuttal</a> to IFM's Offer<a href="https://announcements.asx.com.au/asxpdf/20260506/pdf/06z8zrlbwr8xht.pdf" target="_blank" rel="noopener">.</a>
</li>
<li>A key tenant of IFM's Offer evolves around the Skyworth put option: would/will IFM waive the put condition; or Ontario Teachers’ Pension Plan (OTPP) irrevocably waives its right to put?</li>
</ul>


A lot to unpack: the Panel declines IFM's application; the Skyway ROFO has expired; and the Target Statement is now out - the IE says NOT fair and NOT reasonable.
The ROFO expiration should come as no surprise. Nor should the IE conclusion. IFM's independent directors previously issued a strongly worded rebuttal to IFM's Offer.

A key tenant of IFM's Offer evolves around the Skyworth put option: would/will IFM waive the put condition; or Ontario Teachers’ Pension Plan (OTPP) irrevocably waives its right to put?


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