Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

MACA: Thiess Declares Offer Unconditional

MACA's Target Statement Responds To Thiess' Offer

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 26th July, diversified contractor <strong><a href="https://www.smartkarma.com/entities/maca-ltd" target="_blank" data-smartkarma-citation="entities:11390:1" rel="noopener">MACA Ltd (MLD AU)</a></strong> announced a friendly off-market cash offer from fellow contractor Thiess, at A$1.025/share, a 28.1% premium to the undisturbed price.</li>
<li>The Bidder's Statement was dispatched on the 9 August. After rejecting <strong><a href="https://www.smartkarma.com/entities/nrw-holdings-ltd" target="_blank" data-smartkarma-citation="entities:9271:1" rel="noopener">NRW Holdings (NWH AU)</a></strong>'s non-binding proposal (implied consideration of $1.085/share), MACA dispatched the Target Statement on the 25 August.</li>
<li>Thiess has now lifted its all-cash Offer to A$1.075/share - a 34.4% to undisturbed. MACA is trading marginally through the revised terms. The first closing date is the 12 September. </li>
</ul>


Back on the 26th July, diversified contractor MACA Ltd (MLD AU) announced a friendly off-market cash offer from fellow contractor Thiess, at A$1.025/share, a 28.1% premium to the undisturbed price.
The Bidder's Statement was dispatched on the 9 August. After rejecting NRW Holdings (NWH AU)'s non-binding proposal (implied consideration of $1.085/share), MACA dispatched the Target Statement on the 25 August.
Thiess has now lifted its all-cash Offer to A$1.075/share - a 34.4% to undisturbed. MACA is trading marginally through the revised terms. The first closing date is the 12 September. 


MACA: Thiess' Unsurprising Bump. NRW's Move, If Any