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

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>
<a href="https://www.smartkarma.com/entities/ausgold-ltd" target="_blank" data-smartkarma-citation="entities:19133:1" rel="noopener">Ausgold Ltd (AUC AU)</a> has entered into a scheme with <a href="https://www.smartkarma.com/entities/oceanagold-corp" target="_blank" data-smartkarma-citation="entities:25379:1" rel="noopener">OceanaGold Corp (OGC CN)</a> at 0.03365 OGC shares per AUC share, a 27.7% premium to the last close.</li>
<li>Regulatory approvals (ACCC and FIRB) are low-risk. The exchange ratio is fair, and the implied offer represents a 10-year high. </li>
<li>Despite emerging retail opposition, the scheme vote is low-risk. Although the offer is reasonable, it is not a knockout bid, so another bidder could emerge. </li>
</ul>



Ausgold Ltd (AUC AU) has entered into a scheme with OceanaGold Corp (OGC CN) at 0.03365 OGC shares per AUC share, a 27.7% premium to the last close.
Regulatory approvals (ACCC and FIRB) are low-risk. The exchange ratio is fair, and the implied offer represents a 10-year high. 
Despite emerging retail opposition, the scheme vote is low-risk. Although the offer is reasonable, it is not a knockout bid, so another bidder could emerge. 


Ausgold (AUC AU): OceanaGold’s Scheme Offer While Fair, Could Attract a Competing Bid