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] CVC/Family Nudge MBO Price To ¥2600 to Extend; KKR's ¥3100 Bid Awaits Board Support

[Japan M&A] CVC/Family "Re-Nudge" Mandom (4917 JP) MBO Price from ¥2,600 to ¥3,105, Eclipsing KKR

[Japan Activism] Mandom (4917 JP) - Murakami at 20% and Mandom Offers A Sweet Poison Pill

[Japan M&A] Nikkei Reports KKR Has Proposed an Overbid for Mandom (4917) At ¥2800+

[Japan Activism] Mandom (4917) Holders Get an Early Win as MBO Bidder CVC Bumps 29%

Quiddity Advisors

Event-Driven

<ul>
<li>This morning, <a href="https://www.smartkarma.com/entities/mandom-corp" target="_blank" data-smartkarma-citation="entities:8353:1" rel="noopener">Mandom Corp (4917 JP)</a> gave up an update to the document regarding its "Support" for the MBO at a lower price and the situation regarding the KKR overbid.</li>
<li>Yesterday, KKR submitted an official ¥3,100/share Bid Intention. This morning, the Board resolved to send the matter to its Special Committee. Shares are trading up.</li>
<li>The bid is still pre-conditional. KKR being a PE firm, it requires a pre-condition slightly unusual in competitive bidding situations. </li>
</ul>


This morning, Mandom Corp (4917 JP) gave up an update to the document regarding its "Support" for the MBO at a lower price and the situation regarding the KKR overbid.
Yesterday, KKR submitted an official ¥3,100/share Bid Intention. This morning, the Board resolved to send the matter to its Special Committee. Shares are trading up.
The bid is still pre-conditional. KKR being a PE firm, it requires a pre-condition slightly unusual in competitive bidding situations. 


[Japan M&A] KKR Officially Bids ¥3,100 for Mandom (4917), Tender May Start Late January