When Merger Arb Plays Big: Hutchinson Technology & TDK

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Event-Driven

<p><a href="https://www.smartkarma.com/entities/22920" target="_blank" data-smartkarma-citation="entities:22920:1">Hutchinson Technology (HTCH US)</a> has announced that the US Federal Trade Commission (FTC) has granted an early termination of the Hart-Scott-Rodino (HSR) waiting period, thereby ending the major stumbling block to Hutchinson's merger with TDK. The deal, which sees TDK pay the full US$4.00/shr for Hutchinson, is now expected to close no later than 5th October 2016. The deal also represents a 148% gain from the US$1.61 price for Hutchinson when we wrote our original piece. This, as we wrote, is…</p>

Hutchinson Technology (HTCH US) has announced that the US Federal Trade Commission (FTC) has granted an early termination of the Hart-Scott-Rodino (HSR) waiting period, thereby ending the major stumbling block to Hutchinson's merger with TDK. The deal, which sees TDK pay the full US$4.00/shr for Hutchinson, is now expected to close no later than 5th October 2016. The deal also represents a 148% gain from the US$1.61 price for Hutchinson when we wrote our original piece. This, as we wrote, is…

Hutchinson Technology (HTCH) - Gets HSR Approval for TDK Deal