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 (06 Apr) - Skyworth, ENN, Qoria, Bluescope, Emmerson, Taiyo, MCJ, Sankei, Egrand

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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/e-grand-co-ltd" target="_blank" data-smartkarma-citation="entities:1821:1" rel="noopener">E'grand Co Ltd (3294 JP)</a> has recommended a tender offer from <a href="https://www.smartkarma.com/entities/seibu-holdings-inc" target="_blank" data-smartkarma-citation="entities:458:1" rel="noopener">Seibu Holdings (9024 JP)</a> at JPY4,858, a 153.5% premium to the last close. </li>
<li>The offer, which resulted from an auction, represents an all-time high and is above the high-end of the target IFA DCF valuation range.</li>
<li>The required tendering is achievable due to the significant takeover premium. The first closing date is 18 May, with payment commencing 25 May.  </li>
</ul>



E'grand Co Ltd (3294 JP) has recommended a tender offer from Seibu Holdings (9024 JP) at JPY4,858, a 153.5% premium to the last close. 
The offer, which resulted from an auction, represents an all-time high and is above the high-end of the target IFA DCF valuation range.
The required tendering is achievable due to the significant takeover premium. The first closing date is 18 May, with payment commencing 25 May.  


E'grand (3294 JP): Seibu Holdings (9024 JP) Tender Offer at 2.5x Last Close