QIHU - Will This Horse Reach the Finish Line?

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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<h2>Spread performance since non-binding announcement</h2><figure class="editor-figure"><figure class="editor-figure"><img src="https://static-prod.smartkarma.com/images/media/000/006/534/original/SK%20M&amp;A%20-%20Qihoo%20360%20Technology%20-%20Management.png?1458698266" class="editor-image img-responsive" data-smartkarma-image-id="6534"></figure><ul>
<li>Prior to binding agreement (18 December 2015), the spread was extremely volatile. At one point of time, Qihoo traded at more than a 50% spread to the offer of USD 77/ADR</li>
<li>After the DMA, the spread was slightly less volatile, as it took awhile for the EGM to be announced </li>
<li>EGM was <a href="http://ir.360.cn/phoenix.zhtml?c=243376&amp;p=irol-newsArticle&amp;ID=2145605" target="_blank">announced</a> on 3 March 2016 and will be held on Wednesday, 10am Beijing time, 30 March 2016</li>
<li>The spread has stabilized due to the recent spate of successful privatizations by…</li>
</ul>
</figure>

Spread performance since non-binding announcement
Prior to binding agreement (18 December 2015), the spread was extremely volatile. At one point of time, Qihoo traded at more than a 50% spread to the offer of USD 77/ADR
After the DMA, the spread was slightly less volatile, as it took awhile for the EGM to be announced 
EGM was announced on 3 March 2016 and will be held on Wednesday, 10am Beijing time, 30 March 2016
The spread has stabilized due to the recent spate of successful privatizations by…



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