IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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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/nishimoto-co-ltd" target="_blank" data-smartkarma-citation="entities:44086:1" rel="noopener">Nishimoto (9260 JP)</a> has recommended an MBO at JPY1,930 per share, representing a 44.5% premium to the undisturbed price of JPY1,336 (8 November).</li>
<li>The offer is opportunistically timed to take advantage of earnings downgrades. The offer is also below the midpoint of the IFA DCF valuation range. </li>
<li>This is a done deal as the irrevocables represent a 72.05% ownership ratio, greater than the two-thirds of voting rights required to implement a squeeze-out through share consolidation.  </li>
</ul>



Nishimoto (9260 JP) has recommended an MBO at JPY1,930 per share, representing a 44.5% premium to the undisturbed price of JPY1,336 (8 November).
The offer is opportunistically timed to take advantage of earnings downgrades. The offer is also below the midpoint of the IFA DCF valuation range. 
This is a done deal as the irrevocables represent a 72.05% ownership ratio, greater than the two-thirds of voting rights required to implement a squeeze-out through share consolidation.  


Nishimoto (9260 JP): Opportunistic MBO a Done Deal

Japan

KITOKU SHINRYO CO., LTD. processes and wholesales rice to supermarkets and restaurants.  The Company sells eggs and processed food as well.

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Kitoku Shinryo (2700 JP)

Nishimoto (9260 JP): Opportunistic MBO a Done Deal

The offer is opportunistically timed to take advantage of earnings downgrades and is below the midpoint of the IFA DCF valuation range. However,...

Arun George

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