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.

Carlsberg/Britvic: Awaiting a Third Proposal

Carlsberg/Britvic: And The Third Proposal Arrived

Event-Driven

<ul>
<li>Carlsberg's acquisition offers a 36% premium to Britvic’s June 2024 closing price and captures £2.10/share in taxed and capitalized synergies, ensuring value realization for shareholders.</li>
<li>Regulatory Approvals: The UK Competition and Markets Authority (CMA) and the European Commission cleared the transaction by December 17, 2024, confirming no further probes.</li>
<li>Low Deal Risk: All regulatory approvals secured; with a 0.68% spread (6.91% annualized), and closure expected by January 16, 2025, recommendation is long and tender.</li>
</ul>


Carlsberg's acquisition offers a 36% premium to Britvic’s June 2024 closing price and captures £2.10/share in taxed and capitalized synergies, ensuring value realization for shareholders.
Regulatory Approvals: The UK Competition and Markets Authority (CMA) and the European Commission cleared the transaction by December 17, 2024, confirming no further probes.
Low Deal Risk: All regulatory approvals secured; with a 0.68% spread (6.91% annualized), and closure expected by January 16, 2025, recommendation is long and tender.


Britvic PLC

Carlsberg/Britvic: Deal Cleared, Spread