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

Yamada-Edion: The ¥2.5 Trillion Merger that Was Always Coming but Where Are the Benefits?

[Japan M&A] Yamada HD (9831) And EDION (2730) Merger Talks See A Potentially Big Twist

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/yamada-denki-co-ltd" target="_blank" data-smartkarma-citation="entities:641:1" rel="noopener">Yamada Denki (9831 JP)</a> is Japan's top electronics retailer by sales. <a href="https://www.smartkarma.com/entities/edion-corp" target="_blank" data-smartkarma-citation="entities:14358:1" rel="noopener">Edion Corp (2730 JP)</a> is #5. The Nikkei carried an article last night saying they intended to merge. </li>
<li>Both (<a href="https://www.edion.co.jp/en/ir" target="_blank" rel="noopener">Yamada</a>, <a href="https://www.edion.co.jp/system/files/ir-news/pdf/multilingual/2026-06/20260604Statement%20Regarding%20Certain%20Media%20Reports%20Concerning%20EDION%20Corporation.pdf" target="_blank" rel="noopener">Edion</a>) confirmed the talks, and board meetings set for tomorrow will likely approve path forward for negotiations. That's not a done deal, but it gets definitive talks. </li>
<li>Yamada has suffered mightily the last few years. Guidance this next year sees a rebound and on a forward basis, is cheap vs Peers (also cheap on a PBR basis).</li>
</ul>



Yamada Denki (9831 JP) is Japan's top electronics retailer by sales. Edion Corp (2730 JP) is #5. The Nikkei carried an article last night saying they intended to merge. 
Both (Yamada, Edion) confirmed the talks, and board meetings set for tomorrow will likely approve path forward for negotiations. That's not a done deal, but it gets definitive talks. 
Yamada has suffered mightily the last few years. Guidance this next year sees a rebound and on a forward basis, is cheap vs Peers (also cheap on a PBR basis).


[Japan M&A] Yamada Denki (9831) And EDION (2730) Merger? Yamada Cheap But Weak Recent History

Yamada Holdings

[Japan M&A] Yamada Denki (9831) And EDION (2730) Merger? Yamada Cheap But Weak Recent History