Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Cemex Holdings Philippines / Event-Driven

<ul>
<li>Back on the 25th April 2024, a Dacon/<a href="https://www.smartkarma.com/entities/dmci-holdings-inc" target="_blank" data-smartkarma-citation="entities:8026:1" rel="noopener">DMCI Holdings (DMC PM)</a>-led consortium entered into a SPA to acquire 89.86% in <a href="https://www.smartkarma.com/entities/cemex-holdings-philippines" target="_blank" data-smartkarma-citation="entities:22700:1" rel="noopener">CEXMEX (CHP PM)</a> from <a href="https://www.smartkarma.com/entities/cemex-sab-de-cv" target="_blank" data-smartkarma-citation="entities:24735:1" rel="noopener">Cemex SAB de CV (CEMEXCPO MM)</a>.</li>
<li>The completion of the sale triggered a mandatory tender offer for the remaining 10.14% of shares out. The Offer Price is ₱1.42/share (before considerable fees), a 8% discount to undisturbed.</li>
<li>The Offer Period spans October 23 to November 21. There's the possibility of a technical bump. Don't expect a follow-on delisting Offer. The Bidders' intention is to maintain CEMEX's listing.</li>
</ul>


Back on the 25th April 2024, a Dacon/DMCI Holdings (DMC PM)-led consortium entered into a SPA to acquire 89.86% in CEXMEX (CHP PM) from Cemex SAB de CV (CEMEXCPO MM).
The completion of the sale triggered a mandatory tender offer for the remaining 10.14% of shares out. The Offer Price is ₱1.42/share (before considerable fees), a 8% discount to undisturbed.
The Offer Period spans October 23 to November 21. There's the possibility of a technical bump. Don't expect a follow-on delisting Offer. The Bidders' intention is to maintain CEMEX's listing.


Cemex Holdings Philippines

CEMEX's Low-Balled MTO. For Good Reason