Materials, IPO & Equity Analyst

Venkat Ramana Nandyal

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<p><a href="https://www.smartkarma.com/entities/atlas-copco-ab" target="_blank" data-smartkarma-citation="entities:22282:1" rel="noopener">Atlas Copco AB (ATCOA SS)</a> has offered €50/share for <a href="https://www.smartkarma.com/entities/isra-vision-ag" target="_blank" data-smartkarma-citation="entities:28854:1" rel="noopener">Isra Vision AG (ISR GR)</a> in a friendly takeover bid. The offer represents a premium of ~30% on volume-weighted three months' average price and 43% on the last close before the announcement. With ISRA’s management and Board tendering 29% of shares, Atlas Copco has already secured ~35% of shares. We expect the deal to complete given the significant premium offered by Atlas Copco.</p><div class="content-highlight"><p>The acquisition will only make sense if ISRA would provide meaningful revenue synergies and potential cost synergies. This deal provides a good exit premium for ISRA shareholders.</p></div>

Atlas Copco AB (ATCOA SS) has offered €50/share for Isra Vision AG (ISR GR) in a friendly takeover bid. The offer represents a premium of ~30% on volume-weighted three months' average price and 43% on the last close before the announcement. With ISRA’s management and Board tendering 29% of shares, Atlas Copco has already secured ~35% of shares. We expect the deal to complete given the significant premium offered by Atlas Copco.The acquisition will only make sense if ISRA would provide meaningful revenue synergies and potential cost synergies. This deal provides a good exit premium for ISRA shareholders.

Atlas Copco Bid For ISRA Vision: Good Exit Premium for ISRA Shareholders