IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Magnetic Resources (MAU AU): Genesis (GMD US)’s Binding Proposal

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/magnetic-resources-nl" target="_blank" data-smartkarma-citation="entities:17051:1" rel="noopener">Magnetic Resources Nl (MAU AU)</a> IE considers <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a>’s offer (A$1.40 cash per share + 0.0873 GMD shares per MAU share) fair and reasonable.</li>
<li>The key scheme conditions are shareholder approval. Due to the significant irrevocables, the scheme vote is low risk.</li>
<li>This is a done deal. At the last close, the shares are trading in line with the implied value of the default consideration.</li>
</ul>


The Magnetic Resources Nl (MAU AU) IE considers Genesis Minerals (GMD AU)’s offer (A$1.40 cash per share + 0.0873 GMD shares per MAU share) fair and reasonable.
The key scheme conditions are shareholder approval. Due to the significant irrevocables, the scheme vote is low risk.
This is a done deal. At the last close, the shares are trading in line with the implied value of the default consideration.


Magnetic Resources (MAU AU): Scheme Vote on 3 June