Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

[Japan M&A] Bain Launches TOB on MCJ (6670 JP) - Their Equity Check Is 4.2x FCF (Too Cheap)

[Japan M&A/Activism] Maven Writes a Letter on MCJ (6670)

Quiddity Advisors

Event-Driven

<ul>
<li>Bain had to extend the <a href="https://www.smartkarma.com/entities/mcj-co-ltd" target="_blank" data-smartkarma-citation="entities:14132:1" rel="noopener">MCJ Co Ltd (6670 JP)</a> Tender Offer because they did not get enough shares to get over the hurdle. At least two activists object publicly.</li>
<li>The shares had traded through since the start, fell near the end of the regular tender, and when that did not succeed, shares rose again. </li>
<li>Bain today released a presentation meant to coerce shareholders into accepting the sub-par deal. And they point out how the deal was coercive in the first place.</li>
</ul>


Bain had to extend the MCJ Co Ltd (6670 JP) Tender Offer because they did not get enough shares to get over the hurdle. At least two activists object publicly.
The shares had traded through since the start, fell near the end of the regular tender, and when that did not succeed, shares rose again. 
Bain today released a presentation meant to coerce shareholders into accepting the sub-par deal. And they point out how the deal was coercive in the first place.


[Japan M&A/Activism] Bain Releases Presentation Emphasising MCJ (6670 JP) Bid Coercive - Game of 🐓