Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

The TPG Consortium (collectively TPG Group, Ontario Teacher’s Pension Plan Board [&amp; affiliates]) has <a href="http://www.asx.com.au/asxpdf/20170515/pdf/43j81hwvsxdhch.pdf" target="_blank">issued</a> a revised indicative proposal for 100% of <a href="https://www.smartkarma.com/entities/8996" target="_blank" data-smartkarma-citation="entities:8996:1">Fairfax Media Ltd (FXJ AU)</a> at A$1.20/share, less any dividends proposed or paid after 14 May 2017.The revised offer compares to the indicative <a href="http://www.asx.com.au/asxpdf/20170508/pdf/43j2zgsf5mgk1q.pdf" target="_blank">proposal</a> last week which involved paying cash for <a href="http://www.domain.com.au/group/" target="_blank">Domain</a> and FXJ's mastheads and leaving FXJ shareholders with regional newspapers, radio ops and other less-than-exciting businesses.  That clunky, inter-conditional proposal appears to have a faced a tepid reception from shareholders which TPG has swiftly (attempted) to remedy with a full cash offer.Below the fold, for subscribers, is a recap of the revised offer and comments on how it may be received.

The TPG Consortium (collectively TPG Group, Ontario Teacher’s Pension Plan Board [&amp; affiliates]) has issued a revised indicative proposal for 100% of Fairfax Media Ltd (FXJ AU) at A$1.20/share, less any dividends proposed or paid after 14 May 2017.The revised offer compares to the indicative proposal last week which involved paying cash for Domain and FXJ's mastheads and leaving FXJ shareholders with regional newspapers, radio ops and other less-than-exciting businesses.  That clunky, inter-conditional proposal appears to have a faced a tepid reception from shareholders which TPG has swiftly (attempted) to remedy with a full cash offer.Below the fold, for subscribers, is a recap of the revised offer and comments on how it may be received.

Chairman, sgtradex

Tan Chin-Hwee

Chairman

Thematic (Sector/Industry)

Having <a href="http://www.scmp.com/comment/insight-opinion/article/1893796/why-walking-away-successful-career-finance-not-so-hard" target="_blank">left the industry after 20 years</a>, one could still not escape the media headlines of dwindling workforce and bonuses in the once coveted fund management industry which is going through consolidation.I am not writing to add coal to the fire but would like to share some of my observations as an outsider and hopefully stimulate a discussion.  The active fund management industry is facing a direct assault in the light of advancement of technology which enhances the execution capabilities of…

Having left the industry after 20 years, one could still not escape the media headlines of dwindling workforce and bonuses in the once coveted fund management industry which is going through consolidation.I am not writing to add coal to the fire but would like to share some of my observations as an outsider and hopefully stimulate a discussion.  The active fund management industry is facing a direct assault in the light of advancement of technology which enhances the execution capabilities of…

The Asset Management Industry - A Perfect Storm. Who Will Remain when the Dust Settles?

United States

Morningstar, Inc. is an investment information and services company providing data, research, and analysis of mutual funds, stocks, and variable annuities. The Company publishes a line of print, software, and Internet products for individual, financial advisors and institutional investors.

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Morningstar Inc (MORN US)

Fairfax – New Offer for New Media

The TPG Consortium (collectively TPG Group, Ontario Teacher’s Pension Plan Board [& affiliates]) has issued a revised indicative proposal for...

David Blennerhassett

The Asset Management Industry - A Perfect Storm. Who Will Remain when the Dust Settles?

Having left the industry after 20 years, one could still not escape the media headlines of dwindling workforce and bonuses in the once coveted fund...

Tan Chin-Hwee

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