bullish
Fancl (4921 JP): Evaluating the Potential of Kirin (2503 JP) Offer Bump
720 Views22 Jul 2024 21:47
The shares have consistently traded above terms and the emergence of MY.Alpha’s stake adds to the mounting reasons for a bump. A revised offer could be around JPY2,900.
What is covered in the Full Insight:
- Introduction
- Tender Offer Details
- Reasons for Potential Offer Bump
- Quantifying the Potential Offer Bump
- Reasons to Maintain Current Offer Terms
Boomeranged on Mon, 29 Jul 2024 13:28
Kirin has extended the tender offer period from 29 July to 13 August (40 business days). Kirin believes the JPY2,690 offer sufficiently reflects the value of Fancl. The shares are currently trading 4.7% above terms, suggesting that Kirin will have to bump (similar to the Eneos/Tatsuta situation) eventually.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
x