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 (07 Sep) - Skyworth, Z Fin, OFX, Cleanaway, EQT, European Lit, BetMakers, Kakaku

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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/eqt-holdings-ltd" target="_blank" data-smartkarma-citation="entities:7541:1" rel="noopener">EQT Holdings (EQT AU)</a> disclosed a non-binding proposal from TPG at A$24.55, a 41.8% premium to the undisturbed price of A$17.31.</li>
<li>The timing is opportunistic, as the shares are down 39% over the last twelve months due to ASIC litigation. The offer is below sell-side price targets and the 52-week high.</li>
<li>TPG has requested a period of exclusivity to conduct due diligence. The Board should offer limited due diligence to facilitate a higher offer. </li>
</ul>



EQT Holdings (EQT AU) disclosed a non-binding proposal from TPG at A$24.55, a 41.8% premium to the undisturbed price of A$17.31.
The timing is opportunistic, as the shares are down 39% over the last twelve months due to ASIC litigation. The offer is below sell-side price targets and the 52-week high.
TPG has requested a period of exclusivity to conduct due diligence. The Board should offer limited due diligence to facilitate a higher offer. 


EQT Holdings (EQT AU): TPG’s NBIO Is Light