In today’s briefing:
- Korea Zinc: Latest Stockholder Record for Proration Risk
Korea Zinc: Latest Stockholder Record for Proration Risk
- If NPS and passive funds each tender half, it could hit 24%, pushing investors to consider both sides. The market’s eyeing a ratio of about MBK 3 to Choi 7.
- This tight vote could drag out the event longer than expected, and MBK might scoop up more shares if they miss their minimum target.
- MBK will likely go for open market buys against Korea Zinc’s buyback. Consider tendering to MBK Monday and spread trading futures, or push Korea Zinc to raise their buyback offer.
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