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 (10 Apr) - Genesis, Estia, Newcrest, Pushpay, Mincor, Golden Energy, Toyo

Mincor Resources (MCR AU): Wyloo’s A$1.40 Unconditional Takeover Offer

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mincor-resources-nl" target="_blank" data-smartkarma-citation="entities:6731:1" rel="noopener">Mincor Resources NL (MCR AU)</a>’s Board has unanimously recommended Wyloo’s unconditional off-market takeover bid at A$1.40 per share. The offer price is final. </li>
<li>The Board has taken the path of least resistance by recommending the offer instead of rejecting the low-balled offer and addressing the production quality issues.</li>
<li>The offer is attractive in terms of multiples (EV/Resource and EV/Reserve) but at a discount to recent share prices and analyst price targets. Shares are trading in line with terms.</li>
</ul>



Mincor Resources NL (MCR AU)’s Board has unanimously recommended Wyloo’s unconditional off-market takeover bid at A$1.40 per share. The offer price is final. 
The Board has taken the path of least resistance by recommending the offer instead of rejecting the low-balled offer and addressing the production quality issues.
The offer is attractive in terms of multiples (EV/Resource and EV/Reserve) but at a discount to recent share prices and analyst price targets. Shares are trading in line with terms.


Mincor Resources (MCR AU): Production Issues Result in the Board Succumbing to Wyloo’s Offer