Based on an admittedly somewhat finger-in-the-air estimate of probability of privatisation, shorting Toshiba Corp (6502 JP) here against its Peer Basket is probably not a good outcome.
Swire Pacific (19 HK) has started buying back with 3.5x the average ADV impact on Bs vs As. That is likely to continue.
KKR's all cash A$88/share Offer for Ramsay Health (RHC AU) is off. The alternative Offer has a lower implied value, and has been unceremoniously rejected, despite Ramsay's horrible FY22 numbers.
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