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

Weekly Deals Digest (27 Apr) - Shibaura, Fujitsu General, Gunma/DHFG, Bright Smart, DN Solutions

Merger Arb Mondays (28 Apr) - Seven & I, Shibaura, Makino, Bright Smart, ENN Energy, Tam Jai

Fujitsu General (6755 JP): Fujitsu (6702 JP) Supports a Light Tender Offer

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Event-Driven

<ul>
<li>The precondition for Paloma Rheem Holdings’ tender offer for <a href="https://www.smartkarma.com/entities/fujitsu-general-ltd" target="_blank" data-smartkarma-citation="entities:2025:1" rel="noopener">Fujitsu General (6755 JP)</a> is satisfied. The offer is from 28 April to 28 May.</li>
<li>Despite an arguably light offer and less than ideal process, this is a done deal due to a lack of opposition and no competing offer. </li>
<li>At the last close and for a 5 June payment, the gross and annualised spreads are 1.3% and 14.1%, respectively.</li>
</ul>


The precondition for Paloma Rheem Holdings’ tender offer for Fujitsu General (6755 JP) is satisfied. The offer is from 28 April to 28 May.
Despite an arguably light offer and less than ideal process, this is a done deal due to a lack of opposition and no competing offer. 
At the last close and for a 5 June payment, the gross and annualised spreads are 1.3% and 14.1%, respectively.


Fujitsu General (6755 JP): Done Deal as Precondition Satisfied