Murata Mfg announced a secondary ABO. It should price tonight and trade tomorrow. I expect a wide-ish discount of 5+% at US$900mm or so. There is more overhang, but Murata vs Peers is low-vol.
What is covered in the Full Insight:
Overview of Murata's Equity Offering
Impact on Stock and Index Implications
Comparison with Peers
Future Prospects and Buybacks
Investment Strategy and Conclusion
SUMMARY
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