In today’s briefing:
- Latest Development & Potential First Target of Mandatory Tender Offer in Korea
Latest Development & Potential First Target of Mandatory Tender Offer in Korea
- Considering the progress of the legislative process at this juncture, the effective date could be as early as the end of this year or, at the latest, early next year.
- Ilooda (164060 KS) will likely become the first case. A tender offer at ₩11,000 (a 30% premium to the current price) per share for 14%+1 share may greet us.
- There is sufficient value in monitoring the interaction between the offer structure and stock price movement in the context of the first application of a mandatory tender offer in Korea.
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