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

Weekly Deals Digest (25 Jan) - Skyworth, Dongfeng, Mamezo, Logisnext, Toyota Ind, Busy Ming, Eastroc

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mamezo-co-ltd" target="_blank" data-smartkarma-citation="entities:46031:1" rel="noopener">Mamezo (202A JP)</a> has announced a tender offer from <a href="https://www.smartkarma.com/entities/eqt-ab" target="_blank" data-smartkarma-citation="entities:28922:1" rel="noopener">EQT (EQT SS)</a> at JPY3,551, a 11.7% discount to the last close but a 18.4% premium to the undisturbed price. </li>
<li>The offer is below the midpoint of the IFA DCF valuation range and the special committee’s requested price. However, EQT’s offer was the highest received in an auction process. </li>
<li>Irrevocables (Integral) exceed the two-thirds voting threshold. Therefore, there is no lower limit, and this is a done deal.</li>
</ul>



Mamezo (202A JP) has announced a tender offer from EQT (EQT SS) at JPY3,551, a 11.7% discount to the last close but a 18.4% premium to the undisturbed price. 
The offer is below the midpoint of the IFA DCF valuation range and the special committee’s requested price. However, EQT’s offer was the highest received in an auction process. 
Irrevocables (Integral) exceed the two-thirds voting threshold. Therefore, there is no lower limit, and this is a done deal.


Mamezo (202A JP): EQT のテイクアンダー・オファー (¥3,551)