In today’s briefing:
- Axiata Gains Approval for the Link Net MTO; Next up Is First Media’s EGM on 6 June
Axiata Gains Approval for the Link Net MTO; Next up Is First Media’s EGM on 6 June
- The Axiata Group (AXIATA MK) EGM narrowly approved the ordinary resolution relating to the proposed acquisition of Link Net (LINK IJ) shares and the proposed MTO.
- The next catalyst is the First Media (KBLV IJ)’s EGM to approve the transaction on 6 June. The proposed MTO at IDR4,800 per share is targeted to complete by 3Q.
- BNM regulatory approval was received on 12 April. At the last close, the gross and annualised spread of the MTO price for a 3Q completion is 4.6% and 13.1%, respectively.
Before it’s here, it’s on Smartkarma
