Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Isolite Insulating Products / Event-Driven

<ul>
<li>Japan-Based insulation materials manufacturer <a href="https://www.smartkarma.com/entities/isolite-insulating-products" target="_blank" data-smartkarma-citation="entities:20404:1" rel="noopener">Isolite Insulating Products (5358 JP)</a> received a Takeover Bid via Tender Offer from their parent <a href="https://www.smartkarma.com/entities/shinagawa-refractories-co" target="_blank" data-smartkarma-citation="entities:17962:1" rel="noopener">Shinagawa Refractories Co (5351 JP)</a> on the 23rd December 2021.</li>
<li>The Acquirer already controls ~55.3% and the Tender Offer is for all the shares that are currently not owned by them. The Offer Price is JPY1,200 per Isolite share.</li>
<li>The Tender Offer has a minimum acceptance condition and is expected to be completed in February 2022. Below is a closer look at the Deal details.</li>
</ul>


Japan-Based insulation materials manufacturer Isolite Insulating Products (5358 JP) received a Takeover Bid via Tender Offer from their parent Shinagawa Refractories Co (5351 JP) on the 23rd December 2021.
The Acquirer already controls ~55.3% and the Tender Offer is for all the shares that are currently not owned by them. The Offer Price is JPY1,200 per Isolite share.
The Tender Offer has a minimum acceptance condition and is expected to be completed in February 2022. Below is a closer look at the Deal details.


Isolite Insulating Products (5358 JP) : Tender Offer Looks Like a Done Deal

Japan

SHINAGAWA REFRACTORIES CO., LTD. produces refractories primarily for steelmakers.  The Company produces mold powder, ceramic fiber, and fine ceramics products as well.  Shinagawa Refractories also provides design, construction, and maintenance services for industrial furnaces.  The Company provides technology licensing to overseas steelmakers

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Isolite Insulating Products (5358 JP) : Tender Offer Looks Like a Done Deal

Japan-Based insulation materials manufacturer Isolite received a Tender Offer from their parent Shinagawa Refractories on 23rd December 2021. The...

Janaghan Jeyakumar, CFA