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

Merger Arb Mondays (23 Mar) - Qube, Pepper, Bluescope, Skyworth, ENN, Makino, Sankei Real, MCJ, IJM

Qube Holdings (QUB AU): Scheme Vote on 16 June

Qube Holdings (QUB AU): Macquarie’s NBIO at A$5.20

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Global Equity Research Ltd

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/qube-holdings-ltd" target="_blank" data-smartkarma-citation="entities:958:1" rel="noopener">Qube Holdings (QUB AU)</a> has entered into a scheme implementation deed with a consortium led by Macquarie Asset Management (MAM) at A$5.20, a 27.8% premium to the undisturbed price.</li>
<li>The scheme is conditional on regulatory approvals and shareholder approval. ACCC approval is the wild card and could require undertakings, potentially delaying implementation.  </li>
<li>The offer represents an all-time high, and the scheme vote is low-risk. At the last close, and for a July-end payment, the gross/annualised spread was 3.8%/8.4%. </li>
</ul>



Qube Holdings (QUB AU) has entered into a scheme implementation deed with a consortium led by Macquarie Asset Management (MAM) at A$5.20, a 27.8% premium to the undisturbed price.
The scheme is conditional on regulatory approvals and shareholder approval. ACCC approval is the wild card and could require undertakings, potentially delaying implementation.  
The offer represents an all-time high, and the scheme vote is low-risk. At the last close, and for a July-end payment, the gross/annualised spread was 3.8%/8.4%. 


Qube Holdings (QUB AU): MAM Consortium’s Binding Proposal at A$5.20