bullish
Modec Placement - Deal Seems a Little Opportunistic but Not Particularly Expensive
531 Views14 May 2024 19:32
Mitsui E&S Holdings (7003 JP) is looking to raise approximately US$451m through a secondary follow-on offering, via selling approximately 21.9m shares (32% of TSO) of Modec Inc (6269 JP)’s stock.
What is covered in the Full Insight:
- Deal terms
- Our take on the deal
- Past deal performance
- Recent performance and FY24 Forecast
- Scores on deal framework
Boomeranged on Tue, 21 May 2024 12:39
Books will be closing today (21st May 24) and pricing will be tomorrow (22nd May 24) at the earliest. The stock has fallen by around 15% since we covered the deal.
SUMMARY
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