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

CEVA's Days Of Independence Appear Numbered

CEVA’s Fair & Reasonable Offer; But Please Don't Tender

Quiddity Advisors

Event-Driven

<a href="https://www.smartkarma.com/entities/23994" target="_blank">CMA CGM SA (144898Z FP)</a> has <a href="https://ir.cevalogistics.com/websites/ceva/English/2999/news.html?newsID=1761273" target="_blank">89.47%</a> of <a href="https://www.smartkarma.com/entities/27764" target="_blank" data-smartkarma-citation="entities:27764:1">Ceva Logistics AG (CEVA SW)</a> and will now move to squeeze out and delist. The additional tender period will run from 20 March to 2 April.
After issuing the <a href="https://ir.cevalogistics.com/download/companies/cevalogistics/VeranstaltungenDownloads3/Prospectus_E.pdf" target="_blank">prospectus</a> back in late January, CEVA's board of directors recommended shareholders to not tender shares in the belief that shareholders could realise a higher value with their continuing investment.
Investors thought otherwise and have cashed out at CHF 30/share, a 62.8% premium to the undisturbed price. The massive share price under performance of CEVA subsequent to its listing on the 4 May 2018 - down 33% five months out from the IPO - would have crystallized that decision to tender.
CEVA's board now recommend shareholders tender into the upcoming additional offer period. If delisting occurs, it is expected concurrently occur with a squeeze-out, which would be expected to take place in the third quarter of 2019 once all stock exchange and other legal conditions are fulfilled.

CMA CGM SA (144898Z FP) has 89.47% of Ceva Logistics AG (CEVA SW) and will now move to squeeze out and delist. The additional tender period will run from 20 March to 2 April.
After issuing the prospectus back in late January, CEVA's board of directors recommended shareholders to not tender shares in the belief that shareholders could realise a higher value with their continuing investment.
Investors thought otherwise and have cashed out at CHF 30/share, a 62.8% premium to the undisturbed price. The massive share price under performance of CEVA subsequent to its listing on the 4 May 2018 - down 33% five months out from the IPO - would have crystallized that decision to tender.
CEVA's board now recommend shareholders tender into the upcoming additional offer period. If delisting occurs, it is expected concurrently occur with a squeeze-out, which would be expected to take place in the third quarter of 2019 once all stock exchange and other legal conditions are fulfilled.

Ceva Logistics AG

CEVA Logistics: Okay, Now You Can Tender