Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Tender Offer of a 56.4% Stake in Echo Marketing by Bain Capital

Hojeon: Activist Minority Investors Threaten to Sell Their Shares to a Competitor in a Block Deal

Lululemon Athletica Inc.: An Insight Into Their Athleisure Market Position & Strategic Growth! - Major Drivers

Douglas Research Advisory

Event-Driven

<ul>
<li>A week has passed since Bain Capital first announced a tender offer of Echo Marketing whose share price has risen 49% since then.</li>
<li>With regards to Echo Marketing CEO Kim acting as a white knight in the management dispute of Hojeon, there is no rush for him to stage a massive M&amp;A fight.</li>
<li>Post tender offer, a more realistic scenario is for Bain Capital to acquire close to 70% to 80% of total outstanding shares in Echo Marketing.</li>
</ul>


A week has passed since Bain Capital first announced a tender offer of Echo Marketing whose share price has risen 49% since then.
With regards to Echo Marketing CEO Kim acting as a white knight in the management dispute of Hojeon, there is no rush for him to stage a massive M&amp;A fight.
Post tender offer, a more realistic scenario is for Bain Capital to acquire close to 70% to 80% of total outstanding shares in Echo Marketing.


Tender Offer of Echo Marketing & Risk of CEO Kim Acting As White Knight in Mgmt Dispute of Hojeon