European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sampo-oyj" target="_blank" data-smartkarma-citation="entities:21782:1" rel="noopener">Sampo Oyj (SAMPO FH)</a>, top shareholder (49.5%) of <a href="https://www.smartkarma.com/entities/topdanmark-a-s" target="_blank" data-smartkarma-citation="entities:22509:1" rel="noopener">Topdanmark A/S (TOP DC)</a>  is launching a recommended all-share public takeover offer to buyout the minorities (1 TOP = 1.25 SAMPO).</li>
<li>Despite being a cross-border merger, this deal, focused on scale and cost-cutting, is poised for success given rising costs in the insurance sector due to inflation. </li>
<li>My valuation as a takeover target is DKK 352/share, which indicates, in my view, that the offer is fair. Gross spread is 2.4%. I would be long the spread.</li>
</ul>



Sampo Oyj (SAMPO FH), top shareholder (49.5%) of Topdanmark A/S (TOP DC)  is launching a recommended all-share public takeover offer to buyout the minorities (1 TOP = 1.25 SAMPO).
Despite being a cross-border merger, this deal, focused on scale and cost-cutting, is poised for success given rising costs in the insurance sector due to inflation. 
My valuation as a takeover target is DKK 352/share, which indicates, in my view, that the offer is fair. Gross spread is 2.4%. I would be long the spread.


Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>The SE600 index is one of the most widely followed benchmark indices in Europe. This index is rebalanced on a quarterly basis.</li>
<li>The base date for rankings for the June 2024 index rebal event is 31st May 2024. In this insight, we take a look at the latest list of potential ADDs/DELs.</li>
<li>Currently, I see 7 ADDs and 7 DELs for the SE600 index. There are more names just outside the border requiring small price changes to get involved in index changes.</li>
</ul>


The SE600 index is one of the most widely followed benchmark indices in Europe. This index is rebalanced on a quarterly basis.
The base date for rankings for the June 2024 index rebal event is 31st May 2024. In this insight, we take a look at the latest list of potential ADDs/DELs.
Currently, I see 7 ADDs and 7 DELs for the SE600 index. There are more names just outside the border requiring small price changes to get involved in index changes.


Quiddity Leaderboard SE600 Jun 24: Potential ADDs Could Continue to Outperform Potential DELs

Denmark

Topdanmark A/S provides non-life and life insurance products to in Denmark. The Company's product line includes property insurance, commercial, industrial, and marine insurance, as well as health and disability insurance, accident policies, flexible life insurance schemes, pension funds, and reinsurance products.  Topdanmark sells to individuals, businesses, and corporations.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Topdanmark A/S (TOP DC)

Sampo/Topdanmark: Fair Takeout Offer

Sampo Oyj is launching a recommended all-share public takeover offer for Topdanmark A/S minorities, with fair valuation and potential for success...

Jesus Rodriguez Aguilar

Quiddity Leaderboard SE600 Jun 24: Potential ADDs Could Continue to Outperform Potential DELs

The Top 10 potential ADDs have strongly outperformed the Top 7 potential DELs in the last 1-month, 3-month, and 1-year periods. I expect this trend...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Sampo/Topdanmark: Fair Takeout Offer

​Sampo Oyj is launching a recommended all-share public takeover offer for Topdanmark A/S minorities, with fair valuation and potential for success...

Jesus Rodriguez Aguilar

Quiddity Leaderboard SE600 Jun 24: Potential ADDs Could Continue to Outperform Potential DELs

The Top 10 potential ADDs have strongly outperformed the Top 7 potential DELs in the last 1-month, 3-month, and 1-year periods. I expect this trend...

Janaghan Jeyakumar, CFA

Sampo Oyj is launching a recommended all-share public takeover offer for Topdanmark A/S minorities, with fair valuation and potential for success...