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>After the close yesterday, <a href="https://www.smartkarma.com/entities/15463" target="_blank" data-smartkarma-citation="entities:15463:1">Tobu Railway (9001 JP)</a><a href="http://www.tobu.co.jp/file/pdf/8ff00c0911ead41dc8631a55ef94c7e4/180731.pdf?date=20180731150800" target="_blank">announced</a> that it was launching a Tender Offer to purchase the shares it does not own in <a href="https://www.smartkarma.com/entities/15655" target="_blank" data-smartkarma-citation="entities:15655:1">Tobu Store (8274 JP)</a> at a price of JPY 3,939 per share, which is a relatively low 12.7% premium to yesterday’s close, but is an 18.54% premium to the one-week average, and a 23.75% premium to the one-month average trading price pre-announcement.</p><p>Tobu Rail currently owns 29.40% of Tobu Store. Lead shareholder <a href="https://www.smartkarma.com/entities/18448" target="_blank" data-smartkarma-citation="entities:18448:1">Itochu Corp (8001 JP)</a>, which owns 33.42% of Tobu…</p>

After the close yesterday, Tobu Railway (9001 JP)announced that it was launching a Tender Offer to purchase the shares it does not own in Tobu Store (8274 JP) at a price of JPY 3,939 per share, which is a relatively low 12.7% premium to yesterday’s close, but is an 18.54% premium to the one-week average, and a 23.75% premium to the one-month average trading price pre-announcement.Tobu Rail currently owns 29.40% of Tobu Store. Lead shareholder Itochu Corp (8001 JP), which owns 33.42% of Tobu…

Tobu Rail (9001 JP) To Take Out Tobu Store (8274 JP)