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.

GS AM Consortium/ Kahoot!: Agreed Fair Offer

GS AM Consortium/​ Kahoot!: Extension of Acceptance Period, Spread

Event-Driven

<ul>
<li>On 28 September, Kangaroo Bidco announced that it waives the Minimum Acceptance Condition (&gt;90% acceptances) of its best and final NOK 35/share offer for <a href="https://www.smartkarma.com/entities/kahoot-asa" target="_blank" data-smartkarma-citation="entities:34239:1" rel="noopener">Kahoot! ASA (KAHOOT NO)</a>.</li>
<li>Acceptances so far total 69.29%. The only remaining conditions are regulatory approvals from both China and United States.</li>
<li>As of early afternoon 28 September, spread is 0.63%/5.55% (gross/annualised). Although volumes are thin, I expect higher volumes in the last stretch of the offer period. Recommendation: <strong>long and tender</strong>.</li>
</ul>


On 28 September, Kangaroo Bidco announced that it waives the Minimum Acceptance Condition (&gt;90% acceptances) of its best and final NOK 35/share offer for Kahoot! ASA (KAHOOT NO).
Acceptances so far total 69.29%. The only remaining conditions are regulatory approvals from both China and United States.
As of early afternoon 28 September, spread is 0.63%/5.55% (gross/annualised). Although volumes are thin, I expect higher volumes in the last stretch of the offer period. Recommendation: long and tender.


GS AM Consortium/Kahoot: Waiving of Minimum Acceptance, Spread