Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

Quiddity M&A: Australia Foreign Investment Reforms

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<p>On 21st September, Australian IT services company <a href="https://www.smartkarma.com/entities/dws-ltd" target="_blank" data-smartkarma-citation="entities:10622:1" rel="noopener">DWS Ltd (DWS AU)</a> agreed to be acquired by an  Australian subsidiary of Indian Tech Giant <a href="https://www.smartkarma.com/entities/hcl-technologies-ltd" target="_blank" data-smartkarma-citation="entities:20025:1" rel="noopener">HCL Technologies (HCLT IN)</a> in a Deal that valued the company at a market cap of A$162mn (~USD118mn). </p><p>The Scheme consideration will be A$1.20 per share in cash and the Deal is expected to be completed in December 2020. The transaction is conditional on receiving Target Shareholder approval and regulatory approvals. </p><p>With less than 3 months to completion, DWS's shares are currently at A$1.17. </p><div><p><em>As always, there is more below the fold. </em></p></div><hr><div><p><em>For more information about M&amp;A rules, regulations, and practices in Australia, please refer to <a href="https://www.smartkarma.com/insights/quiddity-australia-m-a-guide-2019" target="_blank" data-smartkarma-citation="insights:30118" rel="noopener">Quiddity Australia M&amp;A Guide 2019</a> and <a href="https://www.smartkarma.com/insights/quiddity-m-a-australia-foreign-investment-reforms" target="_blank" data-smartkarma-citation="insights:40210" rel="noopener">Quiddity M&amp;A: Australia Foreign Investment Reforms</a> </em></p></div>

On 21st September, Australian IT services company DWS Ltd (DWS AU) agreed to be acquired by an  Australian subsidiary of Indian Tech Giant HCL Technologies (HCLT IN) in a Deal that valued the company at a market cap of A$162mn (~USD118mn). The Scheme consideration will be A$1.20 per share in cash and the Deal is expected to be completed in December 2020. The transaction is conditional on receiving Target Shareholder approval and regulatory approvals. With less than 3 months to completion, DWS's shares are currently at A$1.17. As always, there is more below the fold. For more information about M&amp;A rules, regulations, and practices in Australia, please refer to Quiddity Australia M&amp;A Guide 2019 and Quiddity M&amp;A: Australia Foreign Investment Reforms 

DWS Ltd

HCL-DWS(DWS AU): Cash Deal Trading Wide