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

Acotec (6669 HK): Boston Scientific's Partial Offer Open For Tendering

Acotec/Boston Scientific: Even Higher Proration

Acotec Scientific Holdings: Boston Scientific's Partial Offer

Quiddity Advisors

Event-Driven

Acotec Scientific Holdings / Event-Driven

<ul>
<li>With a minimum acceptance hurdle of 50% and irrevocables of 60.14%, <strong><a href="https://www.smartkarma.com/entities/acotec-scientific-holdings-limited" target="_blank" data-smartkarma-citation="entities:32176:1" rel="noopener">Acotec Scientific Holdings (6669 HK)</a></strong>'s partial offer was always going to turn unconditional. </li>
<li>As per last night's announcement, valid acceptances were 78.59%. The Offer has automatically been extended to the 9 February - this is the final close. Pro-ration is currently 82.7%.</li>
<li>The minor quirk for partial Offers is that payment occurs within seven business days of the final close, <em>not</em> seven days from the Offer turning unconditional. </li>
</ul>


With a minimum acceptance hurdle of 50% and irrevocables of 60.14%, Acotec Scientific Holdings (6669 HK)'s partial offer was always going to turn unconditional. 
As per last night's announcement, valid acceptances were 78.59%. The Offer has automatically been extended to the 9 February - this is the final close. Pro-ration is currently 82.7%.
The minor quirk for partial Offers is that payment occurs within seven business days of the final close, not seven days from the Offer turning unconditional. 


Acotec (6669 HK): Current Proration of 82.7%