Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Fuji Soft (9749): KKR To Launch at ¥9,451, Fuji Soft REJECTS Bain's Bid - Governance in Shambles

Fuji Soft (9749 JP) - Bain Bumps UnBigly, and FSI Responds

Fuji Soft (9749) - KKR Bumps Bigly In Bain Boyg; Buyers Bully a Bagarre

Fuji Soft (9749 JP) - The Fine Print Is Worth Reading

Fuji Soft (9749) Reiterates Support for KKR Tender#1, Recos Shareholders Wait, Ignores Nozawa Letter

Bain Bids Bigger, Goes Hard on Fuji Soft (9749); I've Got 🍿🍿🍿

Quiddity Advisors

Event-Driven

<ul>
<li>Bain had aimed to start its Tender Offer in late October. They made their pitch before and their legally-binding proposal on 11 October. They are still waiting for FujiSoft's approval.</li>
<li>For that, Bain yesterday updated everyone, saying they were ready to go when Fuji Soft gives their approval. Now they aim to start in early November. </li>
<li>WHY Fuji Soft has not yet approved is an obvious question. They may be waiting for KKR's First Tender to close, thinking Bain's tender competes with KKR's proposed Second Tender.</li>
</ul>


Bain had aimed to start its Tender Offer in late October. They made their pitch before and their legally-binding proposal on 11 October. They are still waiting for FujiSoft's approval.
For that, Bain yesterday updated everyone, saying they were ready to go when Fuji Soft gives their approval. Now they aim to start in early November. 
WHY Fuji Soft has not yet approved is an obvious question. They may be waiting for KKR's First Tender to close, thinking Bain's tender competes with KKR's proposed Second Tender.


Bain Waiting Patiently for Fuji Soft (9749) To Make Up Its Mind

Fuji Soft Inc

Bain Waiting Patiently for Fuji Soft (9749) To Make Up Its Mind