Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Korea FSS Chief Calls for 10% Premium/Discount on Doosan Merger, Boosting Swap Spread to 30%

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Maekyung reported that Doosan Robotics and Bobcat will cancel their merger, but the merger between Robotics and Enerbility's spun-off company will proceed.</li>
<li>The merger's risks have been overblown in Robotics' stock, which might rebound. Bobcat's stock outlook is uncertain, with fading merger hopes potentially hurting short-term sentiment.</li>
<li>The Robotics-Enerbility merger might also be canceled under regulatory pressure, but this could hurt Enerbility's stock due to debt concerns; forcing the merger may increase costs.</li>
</ul>


Maekyung reported that Doosan Robotics and Bobcat will cancel their merger, but the merger between Robotics and Enerbility's spun-off company will proceed.
The merger's risks have been overblown in Robotics' stock, which might rebound. Bobcat's stock outlook is uncertain, with fading merger hopes potentially hurting short-term sentiment.
The Robotics-Enerbility merger might also be canceled under regulatory pressure, but this could hurt Enerbility's stock due to debt concerns; forcing the merger may increase costs.


Doosan Mergers: One Canceled, One Still Moving Forward