Sign in with Google
bearish
NPS Effectively Decides to Exercise Appraisal Rights Against SK Innovation: Trading Considerations
486 Views22 Aug 2024 08:41
NPS has decided to oppose SK Innovation's proposed merger with SK E&S, likely signaling that they will abstain from voting to exercise appraisal rights, given the spread exceeds the 5% threshold.
What is covered in the Full Insight:
- Introduction
- NPS's Opposition and Implications
- Past Cases of Appraisal Rights by NPS
- Potential Outcomes and Market Reaction
- Conclusion and Trading Considerations
Boomeranged on Tue, 27 Aug 2024 03:32
The merger between SK Innovation and SK E&S was approved at the shareholders' meeting, with a higher-than-expected attendance of nearly 70%. This suggests that the volume of appraisal rights exercises may be low. The stock price is close to the exercise price, reducing NPS's likelihood of exercising. Also, the high attendance suggests minimal cancellation risk for the merger.
SUMMARY
(Sign Up to Access)Full Insight
(Paid Plans Only, 3-minute read)
Related Insights
More »Loading
Trending Collections
More »Trending Insights
More »Top Unpaywalled Insights
More »- AQR DNA in a Digital World: Systematic Edge with Connor Farley - The New Barbarians Episode #019
- Curator's Cut: "Bubble" Tea, Japan M&A 🍿and TSMC from Different Lenses
- The Coming Global Trade Re-Ordering
- The Polycrisis Era (2025–2028): Navigating a World of Overlapping Disruptions
- Our AI-Powered Accounting Risk Trading Strategy Beat the S&P 500 by 2.5x
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- NPS Will Vote Against the Merger Between SK Innovation and SK E&S22 Aug 2024
- NPS Effectively Decides to Exercise Appraisal Rights Against SK Innovation: Trading Considerations22 Aug 2024
x