Chindata (CD US): Maximum Dissent Condition in Focus as Oasis Builds a Stake

895 Views05 Nov 2023 21:20
The shares are above terms. The max dissent condition is likely to be breached. Precedent transactions suggest Bain will waive the condition or persuade sufficient holders to withdraw as dissenters.
Boomeranged on Tue, 5 Dec 2023 16:02
The transaction received shareholder approval. Dissenting shareholders represent 22.79% of outstanding shares vs. the requirement of less than 12% of outstanding shares. Precedent transactions suggest that Bain waives the condition (Chindata has requested this) or persuades sufficient shareholders to withdraw as dissenters. At the last close, the gross spread was 2.0%.
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
(Paid Plans Only)
Top 5%
Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven
Price Chart(Sign Up to Access)