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.

Aristocrat/Playtech: Cashing in the Chips

DraftKings/Entain: Cash and Shares Approach

Event-Driven

<ul>
<li>Court and EGM meetings are scheduled 2 February. Aristocrat is the only suitor remaining.  Some investors in Playtech who anticipated a bidding war aren't too keen to support the deal.</li>
<li>The Board threatens with a break-up and auction of both Snaitech and the B2B white label software division. Analysts believe that the business is worth more than the current offer.</li>
<li>Reiterate <strong>long PTEC LN</strong>, <strong>TP 680/share</strong> (Aristocrat offer), with the potential upside risk of a sweetened offer to placate some investors, or a break-up.</li>
</ul>


Court and EGM meetings are scheduled 2 February. Aristocrat is the only suitor remaining.  Some investors in Playtech who anticipated a bidding war aren't too keen to support the deal.
The Board threatens with a break-up and auction of both Snaitech and the B2B white label software division. Analysts believe that the business is worth more than the current offer.
Reiterate long PTEC LN, TP 680/share (Aristocrat offer), with the potential upside risk of a sweetened offer to placate some investors, or a break-up.


Aristocrat/Playtech: Deal Uncertainty but the Shares Are Inexpensive

Playtech Plc

Aristocrat/Playtech: Deal Uncertainty but the Shares Are Inexpensive