Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Event-Driven

TOLL Holdings announced this morning that the Overseas Investment Office had granted consent under the New Zealand Overseas Investment Act for the proposed acquisition by Japan Post, via a Scheme of Arrangement.That's all the regulatory approvals in. Other than R&amp;W and corporate technicalities (Executive Incentive arrangements), nothing but the shareholder vote and Scheme formalities remain.Shareholders vote on the Scheme May 13. Given a strong premium, lack of any competitive tension in the deal, and little to no noise elsewhere, we expect shareholders to overwhelmingly back the deal May 13, for it to be approved by the Supreme Court of Victoria May 14, and for Shareholders to get paid A$9.04 a share May 28.

TOLL Holdings announced this morning that the Overseas Investment Office had granted consent under the New Zealand Overseas Investment Act for the proposed acquisition by Japan Post, via a Scheme of Arrangement.That's all the regulatory approvals in. Other than R&amp;W and corporate technicalities (Executive Incentive arrangements), nothing but the shareholder vote and Scheme formalities remain.Shareholders vote on the Scheme May 13. Given a strong premium, lack of any competitive tension in the deal, and little to no noise elsewhere, we expect shareholders to overwhelmingly back the deal May 13, for it to be approved by the Supreme Court of Victoria May 14, and for Shareholders to get paid A$9.04 a share May 28.

QUICK NOTE: Toll Holdings: Japan Post Deal gets OIO Approval: All Over But the Shoutin'?