Peak Sport Products - Will an Offer Be Tabled?

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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<p>*Ever Sound Development has <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0726/LTN20160726198.pdf" target="_blank">tabled</a> a HKD2.60 / share cash offer for Peak Sports Products (1968 HK)</p><div class="content-highlight">
<p>This is largely in line with our expectations; we <a href="https://www.smartkarma.com/insights/peak-sport-products-will-an-offer-be-tabled" target="_blank">previously</a> estimated the offer to fall in the <strong>HKD 2.35 - 2.75 range </strong>when Ever Sound announced a <a href="http://www.hkexnews.hk/listedco/listconews/sehk/2016/0524/LTN20160524635.pdf" target="_blank">Preliminary phase</a> of considering a scheme of arrangement in late May 2015.</p>
<p><em>See previous insight <a href="https://www.smartkarma.com/insights/peak-sport-products-will-an-offer-be-tabled" target="_blank">here</a></em></p>
</div><h2><strong>Deal Details</strong></h2><ul>
<li>Offer Price - HKD 2.60 in cash FINAL</li>
<li>No mention of any dividend reduction (we will update on this shortly)</li>
<li>Structure - Scheme of arrangement</li>
<li>…</li>
</ul>

*Ever Sound Development has tabled a HKD2.60 / share cash offer for Peak Sports Products (1968 HK)
This is largely in line with our expectations; we previously estimated the offer to fall in the HKD 2.35 - 2.75 range when Ever Sound announced a Preliminary phase of considering a scheme of arrangement in late May 2015.
See previous insight here
Deal Details
Offer Price - HKD 2.60 in cash FINAL
No mention of any dividend reduction (we will update on this shortly)
Structure - Scheme of arrangement
…


Peak Sport Products - Binding Offer at HKD 2.60