Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Event-Driven

I resisted the urge to start that title with Idemexit...The Idemitsu family, which claims to own a 33.92% stake in <a href="https://www.smartkarma.com/entities/109" target="_blank" data-smartkarma-citation="entities:109:1">Idemitsu Kosan</a> (held across Nissho Kosan, and several individual holdings) appears to have struck a death blow to the "Business Integration" (merger) between Idemitsu and <a href="https://www.smartkarma.com/entities/108" target="_blank" data-smartkarma-citation="entities:108:1">Showa Shell Sekiyu KK</a> in having the family's agent speak up at the shareholder meeting yesterday to say that the family objected to both the slate of directors (which was passed anyway) and the business combination…

I resisted the urge to start that title with Idemexit...The Idemitsu family, which claims to own a 33.92% stake in Idemitsu Kosan (held across Nissho Kosan, and several individual holdings) appears to have struck a death blow to the "Business Integration" (merger) between Idemitsu and Showa Shell Sekiyu KK in having the family's agent speak up at the shareholder meeting yesterday to say that the family objected to both the slate of directors (which was passed anyway) and the business combination…

Idemitsu Family Strikes Down Showa-Shell Merger Deal?