Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Apollo (AOP AU)'s Shares Trading Through Ramelius' Revised Offer

Quiddity Advisors

Event-Driven

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<p><a href="https://www.smartkarma.com/entities/ramelius-resources-ltd" target="_blank" data-smartkarma-citation="entities:5968:1" rel="noopener">Ramelius Resources (RMS AU)</a> has made a <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02436827-6A1056350?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">recommended takeover offer</a> for <a href="https://www.smartkarma.com/entities/apollo-consolidated-ltd" target="_blank" data-smartkarma-citation="entities:10021:1" rel="noopener">Apollo Consolidated (AOP AU)</a>, by way of cash and scrip, at A$0.56/share, a 27% premium to Apollo's 3-day VWAP.</p>
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<p>Apollo shareholders will receive 0.1375 Ramelius shares for every Apollo share held plus cash of $0.34 for each Apollo share, in a roughly 39%/61% scrip/cash split.</p>
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<p>The Offer has the unanimous backing of Apollo's board and Apollo directors holding 13.7% of shares out will tender their shares into the Offer. The Offer is conditional on 90% minimum acceptance by Apollo shareholders.</p>
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<p>This looks like a done deal.</p>
<p>The Apollo transaction roughly mirrors the deal structure of Ramelius' successful takeover of <a href="https://www.smartkarma.com/entities/spectrum-metals-ltd" target="_blank" data-smartkarma-citation="entities:2237:1" rel="noopener">Spectrum Metals (SPX AU)</a> last year and discussed in<em><a href="https://skr.ma/NUcy1" target="_blank" rel="noopener"> Spectrum Metals: Inside Ramelius' Wheelhouse</a></em>.</p>
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Ramelius Resources (RMS AU) has made a recommended takeover offer for Apollo Consolidated (AOP AU), by way of cash and scrip, at A$0.56/share, a 27% premium to Apollo's 3-day VWAP.


Apollo shareholders will receive 0.1375 Ramelius shares for every Apollo share held plus cash of $0.34 for each Apollo share, in a roughly 39%/61% scrip/cash split.


The Offer has the unanimous backing of Apollo's board and Apollo directors holding 13.7% of shares out will tender their shares into the Offer. The Offer is conditional on 90% minimum acceptance by Apollo shareholders.


This looks like a done deal.
The Apollo transaction roughly mirrors the deal structure of Ramelius' successful takeover of Spectrum Metals (SPX AU) last year and discussed in Spectrum Metals: Inside Ramelius' Wheelhouse.


Ramelius (RMS AU) Adds Apollo To Its Portfolio