Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mitsui-mining-smelting-co" target="_blank" data-smartkarma-citation="entities:15998:1" rel="noopener">Mitsui Mining &amp; Smelting Co (5706 JP)</a> on Friday announced a takeout of its TSE2-listed subsidiary <a href="https://www.smartkarma.com/entities/mesco-inc" target="_blank" data-smartkarma-citation="entities:16253:1" rel="noopener">Mesco Inc (1737 JP)</a>. Another cheap takeout of a cheap sub. But also inevitable. </li>
<li>Activist Effissimo has owned 10+% for 10yrs, &gt;10% in 2008, &gt;15% in 2011. It now owns 12.2% which is one-third of float. But it's not clear what they can do.</li>
<li>This should be a "done deal" as it needs only 9% of the non-parent held stock to be tendered, and most of that comes from cross-holders and directors. </li>
</ul>



Mitsui Mining &amp; Smelting Co (5706 JP) on Friday announced a takeout of its TSE2-listed subsidiary Mesco Inc (1737 JP). Another cheap takeout of a cheap sub. But also inevitable. 
Activist Effissimo has owned 10+% for 10yrs, &gt;10% in 2008, &gt;15% in 2011. It now owns 12.2% which is one-third of float. But it's not clear what they can do.
This should be a "done deal" as it needs only 9% of the non-parent held stock to be tendered, and most of that comes from cross-holders and directors. 


Mitsui Mining & Smelting TOB For Subsidiary MESCO (1737 JP)

Japan

MESCO, Inc. designs and builds a variety of industrial plants.  The Company constructs mining, smelting, oil, chemical, power, gas, and preservation plants. Mesco also manufactures and sells polyethylene pipes, sound and heat proof materials, and plant parts and equipment.  Additionally, the Company, a subsidiary of Mitsui Mining and Smelting Co., Ltd., performs pipe line works.

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Mitsui Mining & Smelting TOB For Subsidiary MESCO (1737 JP)

Mitsui Mining and Smelting is taking out 63+%-owned TSE2-listed subsidiary MESCO (1737 JP). Not unexpected. Activist Effissimo is the 2nd-largest...

Travis Lundy