European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Liquid Universe of European Ordinary and Preferred Shares: August '25 Report

MFE-ProSieben: Spread Closed, Control Still in Play

ProSiebenSat 1: PPF Concedes, MFE Majority Secured

MFE Tunes In to ProSieben for a Pan-European Broadcast Power Play

Event-Driven Optionality in ProSieben: Playing the Floor, Targeting the Upside

Broadcast Battles: PPF’s White Knight Bid Challenges MFE’s Media Ambition

Event-Driven

<ul>
<li>MFE raised its offer to €7.88 implied, tightening the spread to just +1.15%; new long entries now face skewed downside risk without a second bump or strategic surprise.</li>
<li>Legacy holders from €5.80–7.00 have captured meaningful gains; with the August 13 deadline approaching, using MFE-A hedges or call structures preserves upside while limiting exposure.</li>
<li>MFE-A borrow remains accessible (~0.75%), making short hedges viable; paired with call options, this offers capital-efficient exposure to upside while mitigating equity volatility in a tight spread setup.</li>
</ul>


MFE raised its offer to €7.88 implied, tightening the spread to just +1.15%; new long entries now face skewed downside risk without a second bump or strategic surprise.
Legacy holders from €5.80–7.00 have captured meaningful gains; with the August 13 deadline approaching, using MFE-A hedges or call structures preserves upside while limiting exposure.
MFE-A borrow remains accessible (~0.75%), making short hedges viable; paired with call options, this offers capital-efficient exposure to upside while mitigating equity volatility in a tight spread setup.


ProSiebenSat.1: MFE Raises Offer, Reducing Arbitrage Upside and Shifting Risk Profile

ProSiebenSat.1 Media SE

ProSiebenSat.1: MFE Raises Offer, Reducing Arbitrage Upside and Shifting Risk Profile