CIMC Vehicles (1839 HK): Min Acceptance Condition a Risk for the Final HK$7.50 Offer
The 90% min acceptance condition is a key risk in the context of a light offer. Risk/reward is unfavourable as the downside (9.9% to undisturbed...
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Last Week in Event SPACE: Outsourcing, Boral, Itoki, CIMC Vehicle, Dissentient Shareholder Rights
The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...
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(Mostly) Asia-Pac Weekly Risk Arb Wrap: Boral, CSR, Ansarada, TCM, Snow Peak, Azure Min, Genetron
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
396 Views
CIMC (1839 HK): Justification For Unjust Offer Price?
Trading at a gross spread of 1.9% to the indicative terms. It may still get bumped. The biggest risk to the deal is one of timing. Surprising there...
386 Views
CIMC Vehicles (1839 HK): $7.00/Share Indicative Offer From Parent - Really?!
You have a possible floor at $7.00/share. I wouldn't buy through terms. It may still get bumped. It should get bumped. It may not. Plus this...
422 Views