bullish

Nippon Steal! Again. Parent Takes Out Sanyo Special Steel (5481) At Well Below Book

Travis has highlighted this Insight as a Top Pick
1k Views31 Jan 2025 10:25
Nippon Steel convinced Sanyo Special Steel to do a bad-governance deal in 2018 to take it from 15% to 51%. Now they are buying out SS at a LOWER price (and 0.66x book) despite higher BVPS. Ugly Ugly.
What is covered in the Full Insight:
  • Introduction to the Sanyo Special Steel Acquisition
  • Financial Analysis of the Deal
  • Minority Shareholder Considerations
  • Regulatory Approvals and Process
  • Conclusions and Market Reactions
SUMMARY
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Full Insight
(Paid Plans Only, 44-minute read)
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