Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

51job (JOB US)'s Offer Price Back Up To $61

Quiddity Advisors

Event-Driven

<ul>
<li>Back on 1 March, <strong><a href="https://www.smartkarma.com/entities/51-job-inc-adr" target="_blank" data-smartkarma-citation="entities:532:1" rel="noopener">51 Job Inc Adr (JOBS US)</a></strong> entered into a revised merger agreement at US$61.00/share, down 22.8% from the initial terms.</li>
<li>This merger was approved at an EGM on the 27 April and became effective on the 6 May.</li>
<li>Court proceedings have commenced for dissenters, accounting for a staggering 30.9% of shares out. It's not just "fair value" under the microscope; but the legality of the downward revision.</li>
</ul>


Back on 1 March, 51 Job Inc Adr (JOBS US) entered into a revised merger agreement at US$61.00/share, down 22.8% from the initial terms.
This merger was approved at an EGM on the 27 April and became effective on the 6 May.
Court proceedings have commenced for dissenters, accounting for a staggering 30.9% of shares out. It's not just "fair value" under the microscope; but the legality of the downward revision.


51job's Egregious Offer: Dissentient Shareholders Commence Court Proceedings