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 (03 Oct) - Genex, Pendal, Alliance Aviation, Fengxiang, Lifestyle Intl, VNET, 111

MACA’s Revised Thiess Offer Makes an NRW Rival Offer Increasingly Unlikely

MACA’s Recommended $1.025 Per Share Takeover Offer from Thiess

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Event-Driven

<ul>
<li>Theiss’ offer of A$1.075 per share for <a href="https://www.smartkarma.com/entities/maca-ltd" target="_blank" data-smartkarma-citation="entities:11390:1" rel="noopener">MACA Ltd (MLD AU)</a> has been declared unconditional despite acquiring 44.30% of outstanding shares, below the 50% threshold.</li>
<li>The offer has met with resistance from retail shareholders as it remains below NRW’s rejected offer, and there is a lack of clarity on franking credits. </li>
<li>Thiess can restart on-market purchases from 27 September. The offer closes on 7 October. The shares are trading in line with the offer.</li>
</ul>


Theiss’ offer of A$1.075 per share for MACA Ltd (MLD AU) has been declared unconditional despite acquiring 44.30% of outstanding shares, below the 50% threshold.
The offer has met with resistance from retail shareholders as it remains below NRW’s rejected offer, and there is a lack of clarity on franking credits. 
Thiess can restart on-market purchases from 27 September. The offer closes on 7 October. The shares are trading in line with the offer.


MACA’s A$1.075 Offer from Theiss Declared Unconditional