Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Friday Deadline Looms As MYOB Snubs KKR's Reduced Offer

MYOB Caves And Agrees To KKR's Reduced Offer

Quiddity Advisors

Event-Driven

<p>Accounting software and services provider (among other things) <a href="https://www.smartkarma.com/entities/374" target="_blank" data-smartkarma-citation="entities:374:1">MYOB Group Ltd (MYO AU)</a> this morning <a href="https://www.asx.com.au/asxpdf/20181008/pdf/43z1g80xkyyblr.pdf" target="_blank">announced</a> that largest shareholder Bain had sold a stake of approximately 17.6% of the shares in the company by Bain to KKR at A$3.15/share, which is a bit over a 5% premium from the October 5th close (the record date of the most recent dividend. Bain is left with 6.1% of the shares. KKR has 19.9%. </p>
<p>MYOB also announced the receipt of an unsolicited conditional proposal (a "preliminary, non-binding indication of interest") at A$3.70/share (a 24% premium to the close) from KKR conditional of completion of confirmatory due diligence by KKR, debt financing, execution of a deed of implementation, standard exclusivity and conditions precedent terms. </p>

Accounting software and services provider (among other things) MYOB Group Ltd (MYO AU) this morning announced that largest shareholder Bain had sold a stake of approximately 17.6% of the shares in the company by Bain to KKR at A$3.15/share, which is a bit over a 5% premium from the October 5th close (the record date of the most recent dividend. Bain is left with 6.1% of the shares. KKR has 19.9%. 
MYOB also announced the receipt of an unsolicited conditional proposal (a "preliminary, non-binding indication of interest") at A$3.70/share (a 24% premium to the close) from KKR conditional of completion of confirmatory due diligence by KKR, debt financing, execution of a deed of implementation, standard exclusivity and conditions precedent terms. 

MYOB Group Ltd

MYOB: KKR Launches a Proposal. Lightish?