In today’s briefing:
- Last Week in Event SPACE: CIMIC, SK Square, AGL Energy, Mapletree, Z Energy, VW/Porsche
- Rohm (6963 JP): Probably Won’t Buy Toshiba’s Electronic Devices Business
Last Week in Event SPACE: CIMIC, SK Square, AGL Energy, Mapletree, Z Energy, VW/Porsche
- Hochtief AG (HOT GR) has finally launched an unconditional offer for the rest of CIMIC Group Ltd (CIM AU) (where it already owns 78.58%).
- SK Square (402340 KS) was inexpensive after its November listing. Now it’s even cheaper.
- Canada-Based asset manager Brookfield Asset Management (BAM US) and Australian billionaire Mike Cannon-Brookes have combined to purchase all of AGL Energy Ltd (AGL AU) at A$7.50/share
Rohm (6963 JP): Probably Won’t Buy Toshiba’s Electronic Devices Business
- Based on following the company for 25 years, I agree with Mio Kato: I do not think Rohm would or should acquire Toshiba’s power semiconductor operations.
- It would violate Rohm’s commitment to a sound financial structure and saddle it with an integration problem that might never be solved.
- Far better to keep working with the NEDO power device consortium while continuing to expand and improve its own power device business.
Before it’s here, it’s on Smartkarma
