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.

Alpha Auto Group/​​Lookers: Sharp Turn

Alpha Auto Group/Lookers: Consolidation at a Cheap Offer Price

Hedin Group/Pendragon: Fresh Takeover Approach

Event-Driven

<ul>
<li>Lookers disclosed that Cinch (largest shareholder with 19.52% stake) plans to vote against the scheme. The shares have dropped to halfway between the pre-offer price and Alpha Auto's offer.</li>
<li>The shares are pricing a 45% probability of deal completion. This sector has a track record of failed deals, so it is understandable that investors are spooked.</li>
<li>Top Lookers shareholders are keen on selling and an offer from Lithia could well happen. At around 103p I'd be long, as I consider the risk reward is balanced. </li>
</ul>


Lookers disclosed that Cinch (largest shareholder with 19.52% stake) plans to vote against the scheme. The shares have dropped to halfway between the pre-offer price and Alpha Auto's offer.
The shares are pricing a 45% probability of deal completion. This sector has a track record of failed deals, so it is understandable that investors are spooked.
Top Lookers shareholders are keen on selling and an offer from Lithia could well happen. At around 103p I'd be long, as I consider the risk reward is balanced. 


Alpha Auto Group/​Lookers: From Done Deal to Uncertain Situation

Lookers PLC

Alpha Auto Group/Lookers: From Done Deal to Uncertain Situation

Lookers PLC

Alpha Auto Group/​Lookers: From Done Deal to Uncertain Situation

Alpha Auto Group/Lookers: From Done Deal to Uncertain Situation