In today’s briefing:
- Trading Plays for the Unexpected Tender Offer to Lutronic Corp Shareholders
- Details of the Lutronic Tender Offer M&A by Hahn & Company
Trading Plays for the Unexpected Tender Offer to Lutronic Corp Shareholders
- Retail investors hold the majority of shares at 60%, and they may be interested in participating in the second tender offer based on their accumulated learning effect.
- Based on the observed behavior of Hahn & Co, it’s unlikely that they will walk away from the delisting plan.
- We need to consider going long on the potential upward adjustment of the second tendering price. This play can be viewed as a call option with a floor at ₩36,700.
Details of the Lutronic Tender Offer M&A by Hahn & Company
- In this insight, we provide details of the Lutronic tender offer M&A by Hahn & Company.
- We believe that Hahn & Co is likely to successfully complete this M&A tender offer of Lutronic.
- In our view, most of the shareholders of Lutronic are likely to tender their shares, given the sharp share price appreciation and reasonable tender offer premium.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
