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/Activism] Soft99 Plummets, Rebounds, Activist Rebuts, KeePer Lab Holds, MBO Extends

[Japan M&A/Activism] The Nagging Little Detail In the Soft99 MBO Extension Target Doc

[Japan M&A/Activism] Soft99 Board Comes Out Against Effissimo Bid 66% Above MBO Price

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close, <a href="https://www.smartkarma.com/entities/soft99-corp" target="_blank" data-smartkarma-citation="entities:18486:1" rel="noopener">Soft99 Corp (4464 JP)</a>'s Board issued a statement on "Our View" of Effissimo's "Our View" Press Release. It's bad.   </li>
<li>But it points out the "weaknesses" that Effissimo's Tender Offer Press Release had as it concerns a counterbid. And that tells you how Effissimo should amend their Tender Offer docs.</li>
<li>Soft99 Board's response is interesting. It asks Effissimo to not be coercive (i.e. bid for 50%+) in response to the MBO Bid's coerciveness. Not a winning argument but not impossible.</li>
</ul>


Today after the close, Soft99 Corp (4464 JP)'s Board issued a statement on "Our View" of Effissimo's "Our View" Press Release. It's bad.   
But it points out the "weaknesses" that Effissimo's Tender Offer Press Release had as it concerns a counterbid. And that tells you how Effissimo should amend their Tender Offer docs.
Soft99 Board's response is interesting. It asks Effissimo to not be coercive (i.e. bid for 50%+) in response to the MBO Bid's coerciveness. Not a winning argument but not impossible.


[Japan M&A/Activism] Soft99 Board Rebuts Effissimo's Rebuttal. Still An Awful "Fiduciary" Response