Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Nexteel IPO Book Building Results Analysis

Posco International Merger: Deal Structure & Arbitrage Dynamics

Buffett’s Stakes in Japanese Trading Firms & A Review of Korean Trading Firms Amid War in Ukraine

POSCO Holdings: Treasury Shares Cancellation Worth 3% of Outstanding Shares

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Event-Driven

Posco International Corporation / Event-Driven

Posco International Corporation (047050 KS)

<ul>
<li>On 12 August, Posco International stated that it plans to merge with one of POSCO Holdings' energy affiliate called POSCO Energy which is a major LNG provider in Korea.</li>
<li>We believe the merger between POSCO International and POSCO Energy is  value enhancing. The shareholders of POSCO International are getting a sweet deal in POSCO Energy at attractive valuations.</li>
<li>This M&amp;A deal is likely to boost the market cap of the combined companies and raise the rank of POSCO International in important indices such as KOSPI200. </li>
</ul>


On 12 August, Posco International stated that it plans to merge with one of POSCO Holdings' energy affiliate called POSCO Energy which is a major LNG provider in Korea.
We believe the merger between POSCO International and POSCO Energy is  value enhancing. The shareholders of POSCO International are getting a sweet deal in POSCO Energy at attractive valuations.
This M&amp;A deal is likely to boost the market cap of the combined companies and raise the rank of POSCO International in important indices such as KOSPI200. 


POSCO International + POSCO Energy = A Value Enhancing M&A Deal