[Japan M&A] Paris Miki Is Indeed an MBO Target; Luxottica May Complain But Tough To Block
The Paris Miki MBO (not unexpected) is being done cheaply. Cash and securities rich so the Adjusted EV makes this buy cheap at 0.25x EV/Revenue....
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Paris Miki Holdings (7455 JP): 1H FY03/26 flash update
Sales reached JPY26.2bn (+0.2% YoY), with operating profit at JPY1.4bn (+16.0% YoY), and net income JPY844mn (+18.2% YoY). Domestic sales were...
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Paris Miki (7455 JP): Chairman-Led MBO Likely Done Despite Luxottica’s Unclear Intentions
The offer represents a 10-year high. Luxottica, the second-largest shareholder, has not signalled whether it will tender, but it would struggle to...
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Paris Miki (7455 JP) - Corrected Vision - Is This A Setup For an MBO?
Paris Miki Holdings has a great profile of a small cap having figured out what it was doing wrong for over a decade. It has cash. Growth plans. A...
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Merger Arb Mondays (22 Dec) - Dongfeng, Jinke, ANE, ENN, Makino, Pacific Ind, Raksul, Toyota Ind
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
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