Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close, petroleum refiner <a href="https://www.smartkarma.com/entities/idemitsu-kosan-co-ltd" target="_blank" data-smartkarma-citation="entities:109:1" rel="noopener">Idemitsu Kosan (5019 JP)</a> announced a takeover for <a href="https://www.smartkarma.com/entities/agro-kanesho-co-ltd" target="_blank" data-smartkarma-citation="entities:17621:1" rel="noopener">Agro Kanesho (4955 JP)</a> - a fertilizer and agricultural chemicals maker in Japan.</li>
<li>For a long time it was cash-rich, then the stock went up. This tender offer at ¥1,900 falls 20% short of the all-time highs hit in H2 2018.</li>
<li>41% of shares out have agreed to tender. There are other cross-holders who make it easier toget to 67%. This should get done easily. </li>
</ul>


Today after the close, petroleum refiner Idemitsu Kosan (5019 JP) announced a takeover for Agro Kanesho (4955 JP) - a fertilizer and agricultural chemicals maker in Japan.
For a long time it was cash-rich, then the stock went up. This tender offer at ¥1,900 falls 20% short of the all-time highs hit in H2 2018.
41% of shares out have agreed to tender. There are other cross-holders who make it easier toget to 67%. This should get done easily. 


Idemitsu (5019 JP) Tender Offer for Agro Kanesho (4955 JP) - Pretty Easy to Get Done. 41% Committed