IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Merger Arb Mondays (18 Jul) - Link Admin, AOF, DTAC/True, Ramsay Health, ResApp, Infomedia

Weekly Deals Digest (24 Jul): Thai Life, Bharat FIH, Link, DTAC/True, Pendal, Tassal, Ramsay, AOF

Link Narrows the Price Gap as DND Bumps Its Lowered Offer

Link’s Statement Hints at a Willingness to Meet in the Middle

Link’s Lower Offer of A$4.30 from DND Fails to Excite

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/link-administration-holdings-ltd" target="_blank" data-smartkarma-citation="entities:970:1" rel="noopener">Link Administration (LNK AU)</a> Board will not recommend Dye&amp;Durham/DND’s revised lower offer of A$4.57 per share due to shareholder feedback, the underlying value and alternative options.</li>
<li>The slightly above guidance is designed to show that Link's contribution to DND's build a billion objective remains on track and there is little chance of triggering the MAC clause.</li>
<li>DND needs to secure a deal this week to use its attractive deal financing, according to AFR. This could be the cue for DND to give a little more.</li>
</ul>


The Link Administration (LNK AU) Board will not recommend Dye&amp;Durham/DND’s revised lower offer of A$4.57 per share due to shareholder feedback, the underlying value and alternative options.
The slightly above guidance is designed to show that Link's contribution to DND's build a billion objective remains on track and there is little chance of triggering the MAC clause.
DND needs to secure a deal this week to use its attractive deal financing, according to AFR. This could be the cue for DND to give a little more.


Link Administration

Link’s Board Shows Its Hand