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Shinko Electric (6967) - All Approvals In, JIC Says "Mid-Feb" So Cash Is 19-21 March?
1.5k Views22 Jan 2025 11:24
JIC has come out with a statement saying they expect the Tender Offer to start mid-February. It is 20 days. I see ~56d to completion. "Delayed" start has people asking questions. I address MAC.
What is covered in the Full Insight:
- Introduction to Shinko Electric Industries Tender Offer
- JIC's Statement and Approval Status
- Tender Offer Terms and Conditions
- Market Reactions and Potential Risks
- Conclusion and Final Thoughts
Boomeranged on Mon, 3 Feb 2025 13:20
Shinko Q3 earnings results and full-year guidance revised lower on Friday does not fill arbs with enormous confidence. The shares are down this AM. The tanshin reiterated the Tender Offer details but some appear to be thinking JIC will ask for a price cut. This insight discusses the MAC clause, and what JIC can do. My opinion remains the same though the trade is now wider, making upside better.
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