Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Event-Driven

<p>After the close of trading today, <a href="https://www.smartkarma.com/entities/109" target="_blank" data-smartkarma-citation="entities:109:1">Idemitsu Kosan Co Ltd (5019 JP)</a> and <a href="https://www.smartkarma.com/entities/108" target="_blank" data-smartkarma-citation="entities:108:1">Showa Shell Sekiyu KK (5002 JP)</a> announced that indeed, their merger is delayed. </p><h2>The New News</h2><p>There were two announcements in Japanese (none in English yet).</p><p>The <a href="http://www.idemitsu.co.jp/company/news/2016/161013.pdf" target="_blank">FIRST</a> was that the previous announcement that the purchase from <a href="https://www.smartkarma.com/entities/22108" target="_blank" data-smartkarma-citation="entities:22108:1">Royal Dutch Shell PLC (RDSA LN)</a> of a 33.24% stake in Showa Shell Sekiyu by Idemitsu Kosan which had been delayed to "sometime in October or November" by what was noted to be a delay in the approval from the…</p>

After the close of trading today, Idemitsu Kosan Co Ltd (5019 JP) and Showa Shell Sekiyu KK (5002 JP) announced that indeed, their merger is delayed. The New NewsThere were two announcements in Japanese (none in English yet).The FIRST was that the previous announcement that the purchase from Royal Dutch Shell PLC (RDSA LN) of a 33.24% stake in Showa Shell Sekiyu by Idemitsu Kosan which had been delayed to "sometime in October or November" by what was noted to be a delay in the approval from the…

Idemitsu/ShowaShell Merger Delayed... Indefinitely.