bullish

Europcar Mobility Group

VW Consortium Just Shy of 90% Threshold of Europcar

Event-Driven
285 Views, 23 Jun 2022 18:11
EXECUTIVE SUMMARY
  • At the expiry of the initial offer period, a total of 87.38% of the share capital was tendered, just shy of 2.62% to implement a squeeze-out.
  • The market believes the 90% threshold will be reached, thus enabling the squeeze-out procedure. This means that the additional €0.01/share price supplement should be paid.
  • Gross spread is 0.24% (shares trade above the €0.5 offer price) and the estimated annual return is 4.82% (estimated settlement on 11 July). Recommendation is long and tender.
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Jesus Rodriguez Aguilar
European Event-driven Analyst
Multi-AssetEvent-Driven

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities ar... 

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