US-EU Index & Corporate Actions Analyst, ORTEX

Harry Kalfas

Index Rebalance professional with expertise in assessing the impact of Corporate Actions on major U.S., EU, and global indices. Specialized in forecasting index adjustments driven by Mergers & Acquisitions, Spin-offs, IPOs, and Equity Offerings, as well as analyzing shareholder structures and calculating free float. Assessed capital flows and capital invested in major equity indices. All forecasts and analyses are derived from publicly available, reliable sources, including exchange filings, regulatory disclosures, company announcements, and ETFs, without the use of index data. Producing forecasts for both scheduled and unscheduled index rebalances while providing insights into key aspects of Corporate Actions throughout their lifecycle.

US-EU Index & Corporate Actions Analyst

Prosus–JET Arbitrage: Tight Spread, High Certainty Ahead of EC Decision

UniCredit: Drops BPM Bid, Targets 29% Stake in Commerzbank - Index Moves Ahead

Prosus–JET Arbitrage: EC Clearance Granted, Minimal Spread Remains

Fortive Spins Off Ralliant: Big US and Global Index Implications Ahead

Synopsys’ $35 Billion Acquisition of Ansys Closing: Major Index Changes Triggered

Rocket and Redfin Merger - US Index Implications

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

Just Eat Takeaway.com NV / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/prosus-nv" target="_blank" data-smartkarma-citation="entities:28104:1" rel="noopener">Prosus NV (PRX NA)</a> is acquiring <a href="https://www.smartkarma.com/entities/just-eat-takeaway-com-nv" target="_blank" data-smartkarma-citation="entities:28360:1" rel="noopener">Just Eat Takeaway.com NV (TKWY NA)</a> in an all-cash tender offer of €20.30 per share, valuing the deal at approximately €4.1 billion.</li>
<li>The transaction is awaiting Phase 1 regulatory approval from the European Commission, anticipated by late July 2025.</li>
<li>Upon completion, <a href="https://www.smartkarma.com/entities/just-eat-takeaway-com-nv" target="_blank" data-smartkarma-citation="entities:28360:1" rel="noopener">Just Eat Takeaway.com NV (TKWY NA)</a> will be removed from multiple major indices, potentially causing significant passive fund outflows.</li>
</ul>



Prosus NV (PRX NA) is acquiring Just Eat Takeaway.com NV (TKWY NA) in an all-cash tender offer of €20.30 per share, valuing the deal at approximately €4.1 billion.
The transaction is awaiting Phase 1 regulatory approval from the European Commission, anticipated by late July 2025.
Upon completion, Just Eat Takeaway.com NV (TKWY NA) will be removed from multiple major indices, potentially causing significant passive fund outflows.


Prosus and Just Eat Takeaway Deal Close to Completion: Deletions Across Major Indices