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.

Edizione & KKR/Atlantia: Defensive and Generous Takeout Offer

Edizione & KKR/​Atlantia: All Clearances Obtained

Event-Driven

<ul>
<li>Schema Alfa now holds 87.350% of Atlantia and has waived the 90% Threshold Condition. The offer will be reopened 21-25 November at same terms (settlement 2 December).</li>
<li>Schema Alfa has no obligation to acquire the shares of minority shareholders, moreover it could call an EGM to seek approval for a merger with Atlantia and delist Atlantia.</li>
<li>Gross spread is 0.09%. <strong>Accept offer</strong>, considering this was almost a knock-out bid with minimal interloper risk and the most likely scenario is delisting by the end of the year.</li>
</ul>


Schema Alfa now holds 87.350% of Atlantia and has waived the 90% Threshold Condition. The offer will be reopened 21-25 November at same terms (settlement 2 December).
Schema Alfa has no obligation to acquire the shares of minority shareholders, moreover it could call an EGM to seek approval for a merger with Atlantia and delist Atlantia.
Gross spread is 0.09%. Accept offer, considering this was almost a knock-out bid with minimal interloper risk and the most likely scenario is delisting by the end of the year.


Atlantia SpA

Edizione & KKR/Atlantia: What Now?

Atlantia SpA

Edizione & KKR/​​Atlantia: What Now?

Edizione & KKR/Atlantia: What Now?