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

Weekly Deals Digest (19 Apr) - Makino, Arclands, Makino, Sankei, Evergrande, Monash, Victory Giant

Makino Milling Machine (6135 JP): Precedent Set as FEFTA Approval Is Rumoured to Be Not Forthcoming

Makino Milling Machine (6135 JP): A Rollercoaster Ride as NSSK Rumoured to Launch a Competing Bid

Makino Milling Machine (6135 JP): Progress Update While Mixed, Should Calm Nerves

Makino Milling Machine (6135 JP): Twin Headwinds as Chinese and US Approvals Secured

Makino Milling Machine (6135 JP): Tender Offer Risk/Reward

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Due to the delay in securing FEFTA approval, <a href="https://www.smartkarma.com/entities/makino-milling-machine-co" target="_blank" data-smartkarma-citation="entities:5200:1" rel="noopener">Makino Milling Machine Co (6135 JP)</a> has announced that the start of the MBK tender offer has been delayed to late June. </li>
<li>Makino is classified as a Type 3 company (core business), suggesting that MBK is negotiating undertakings to secure FEFTA approval.</li>
<li>Despite mitigating factors, the case for a bump is increasingly persuasive given peers' material reratings, Makino’s solid financial performance and lack of irrevocables.  </li>
</ul>


Due to the delay in securing FEFTA approval, Makino Milling Machine Co (6135 JP) has announced that the start of the MBK tender offer has been delayed to late June. 
Makino is classified as a Type 3 company (core business), suggesting that MBK is negotiating undertakings to secure FEFTA approval.
Despite mitigating factors, the case for a bump is increasingly persuasive given peers' material reratings, Makino’s solid financial performance and lack of irrevocables.  


Makino Milling Machine (6135 JP): Tender Delayed as the Case for a Bump Is Becoming Persuasive