In today’s briefing:
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Relia, Kingston, Fengxiang, Jafco, Esso, Golden Energy
- Cummins Inc: Acquisition Of Siemens’ Commercial Vehicles Business & Other Drivers
- Plug Power Inc: Partnership With Nikola Corporation & Other Drivers
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Relia, Kingston, Fengxiang, Jafco, Esso, Golden Energy
- There are 43 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- One new deal was discussed on Smartkarma in the past week: Mitsui & Co’s tilt for Relia Inc (4708 JP).
- Key updates took place for: Kingston Financial (1031 HK), Shandong Fengxiang (9977 HK), Jafco Co Ltd (8595 JP), Golden Energy & Resources (GER SP), and Esso Thailand (ESSO TB).
Cummins Inc: Acquisition Of Siemens’ Commercial Vehicles Business & Other Drivers
- Cummins delivered a mixed set of results for the quarter, surpassing the revenue expectations of Wall Street but missing out on earnings.
- Also, through its subsidiary Meritor, Cummins announced the completion of its acquisition of the commercial vehicles business of Siemens.
- Demand for the products of the company remained quite strong across its key regions and markets, which resulted in strong revenue in this quarter.
Plug Power Inc: Partnership With Nikola Corporation & Other Drivers
- Plug Power delivered another below par result in the quarter, failing to meet Wall Street expectations in terms of revenues as well as earnings.
- The management claims that its fully developed green hydrogen platform has the potential to make it profitable.
- In the hydrogen and fuel cell industries, Plug Power has a first-mover advantage which drives investor optimism.
💡 Before it’s here, it’s on Smartkarma
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