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

Merger Arb Mondays (03 Nov) - ANE, Dongfeng, Mayne, AUB, Digital Holdings, Makino, Soft99, SCSK

Merger Arb Mondays (10 Nov) - Soft99, Digital Holding, Saint-Care, ANE, ENN Energy, Mayne, AUB

Digital Holdings (2389 JP): Hakuhodo Bumps and Lowers the Minimum Tendering Condition

Digital Holdings (2389 JP): SilverCape Counters with a Hostile Preconditional Offer

Soft99 Corp (4464 JP): Could the MBO Revised Offer Get the Job Done?

Soft99 Corp (4464 JP): Potential Outcomes as the Board Responds to Effissimo Allegations

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>The <a href="https://www.smartkarma.com/entities/digital-holdings-inc" target="_blank" data-smartkarma-citation="entities:1697:1" rel="noopener">Digital Holdings Inc (2389 JP)</a> Board has responded to SilverCape’s hostile offer by proposing countermeasures ostensibly to protect the interests of minorities.</li>
<li>The precedent Makino countermeasures against Nidec’s hostile offer were intended to buy time for a higher white-knight offer. In this case, it is being done to facilitate a lower offer.  </li>
<li>The countermeasures will severely dent SilverCape's chances of succeeding. <a href="https://www.smartkarma.com/entities/hakuhodo-dy-holdings-inc" target="_blank" data-smartkarma-citation="entities:8736:1" rel="noopener">Hakuhodo Dy Holdings (2433 JP)</a>’s irrevocables and insiders should be sufficient to pass the shareholder vote to implement the countermeasures. </li>
</ul>


The Digital Holdings Inc (2389 JP) Board has responded to SilverCape’s hostile offer by proposing countermeasures ostensibly to protect the interests of minorities.
The precedent Makino countermeasures against Nidec’s hostile offer were intended to buy time for a higher white-knight offer. In this case, it is being done to facilitate a lower offer.  
The countermeasures will severely dent SilverCape's chances of succeeding. Hakuhodo Dy Holdings (2433 JP)’s irrevocables and insiders should be sufficient to pass the shareholder vote to implement the countermeasures. 


Digital Holdings (2389 JP): SilverCape’s Hostile Competing Bid Is Met with Countermeasures