Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Event-Driven

<p>When Japanese companies make a bid for US firms, lights start flashing on merger arb desks, because Japanese firms are usually the most reliable counterparty in the merger arb game. First off, they are never known to have made an outright hostile bid for a US firm. An unwritten law of international M&amp;A policing is if your companies make hostile international M&amp;A, your companies are vulnerable in return. By not engaging in hostile M&amp;A, Japanese firms have created a national poison pill, something…</p>

When Japanese companies make a bid for US firms, lights start flashing on merger arb desks, because Japanese firms are usually the most reliable counterparty in the merger arb game. First off, they are never known to have made an outright hostile bid for a US firm. An unwritten law of international M&amp;A policing is if your companies make hostile international M&amp;A, your companies are vulnerable in return. By not engaging in hostile M&amp;A, Japanese firms have created a national poison pill, something…

When Merger Arb Plays Big: Hutchinson Technology & TDK

TDK Corp

When Merger Arb Plays Big: Hutchinson Technology & TDK