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

Quiddity Advisors

Event-Driven

<p>Today after the close, the results of the <a href="https://www.smartkarma.com/entities/18815" target="_blank" data-smartkarma-citation="entities:18815:1">Tokai Tokyo Financial Holdings (8616 JP)</a>'s tender offer for <a href="https://www.smartkarma.com/entities/4416" target="_blank" data-smartkarma-citation="entities:4416:1">Takagi Securities Co Ltd (8625 JP)</a> were <a href="http://www.tokaitokyo-fh.jp/news/pressrelease/pdf/fh20170405.pdf" target="_blank">announced</a>. Settlement will commence on April 11th, as planned.</p><p>Tokai Tokyo has acquired 90.58% of the shares outstanding in the Tender Offer which means that Takagi is now a "Special Subsidiary" and a squeezeout of minorities will proceed as noted in the original Tender Offer announcement <a href="http://www.tokaitokyo-fh.jp/news/pressrelease/pdf/fh20170220.pdf" target="_blank">document</a> (second half of p12). </p><h2>The Squeezeout</h2><p>Because Tokai Tokyo has…</p>

Today after the close, the results of the Tokai Tokyo Financial Holdings (8616 JP)'s tender offer for Takagi Securities Co Ltd (8625 JP) were announced. Settlement will commence on April 11th, as planned.Tokai Tokyo has acquired 90.58% of the shares outstanding in the Tender Offer which means that Takagi is now a "Special Subsidiary" and a squeezeout of minorities will proceed as noted in the original Tender Offer announcement document (second half of p12). The SqueezeoutBecause Tokai Tokyo has…

Takagi Securities TOB - Done, Dusted, Squeezeout Mini Arb Left Over