European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Georg Fischer/Uponor: Terms and Aliaxis's Honourable Exit

Georg Fischer/Uponor: Extension of Offer Period

Event-Driven

<ul>
<li>The offer period for white-knight <a href="https://www.smartkarma.com/entities/georg-fischer-ag" target="_blank" data-smartkarma-citation="entities:22359:1" rel="noopener">Georg Fischer AG (FI/N SW)</a>'s acquisition of <a href="https://www.smartkarma.com/entities/uponor-oyj" target="_blank" data-smartkarma-citation="entities:21787:1" rel="noopener">Uponor OYJ (UNR1V FH)</a> will end, unless extended, on 31 October. Aliaxis, which put Uponor in play, concedes defeat.</li>
<li>The waiting game has ended. Aliaxis will tender its 20% stake with €90 million capital gains (pre-tax) as consolation. GF will obtain at least 53.9% acceptances, possibly a lot more.</li>
<li>The spread has been positive for most days since mid-July, on expectations of an offer sweetening. That won't happen now. Gross spread is +0.14%. Recommendation is <strong>tender.</strong>
</li>
</ul>


The offer period for white-knight Georg Fischer AG (FI/N SW)'s acquisition of Uponor OYJ (UNR1V FH) will end, unless extended, on 31 October. Aliaxis, which put Uponor in play, concedes defeat.
The waiting game has ended. Aliaxis will tender its 20% stake with €90 million capital gains (pre-tax) as consolation. GF will obtain at least 53.9% acceptances, possibly a lot more.
The spread has been positive for most days since mid-July, on expectations of an offer sweetening. That won't happen now. Gross spread is +0.14%. Recommendation is tender.



Uponor OYJ

Aliaxis Condedes Defeat