Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

On 6 July 2015, Pulse Health Limited ("PHG") announced a takeover bid for Vision Eye Institute Limited ("VEI")&nbsp;VEI's board did not support their offer and found a "White Squire", Jangho ("601886 CH") , which bought a blocking stake on the 31st of July 2015.The Squire has now turned into a "White Knight", offering AUD 1.10 per VEI share, representing ~ 62% premium to VEI's pre-deal announcement price (3 July 2015).

On 6 July 2015, Pulse Health Limited ("PHG") announced a takeover bid for Vision Eye Institute Limited ("VEI")&nbsp;VEI's board did not support their offer and found a "White Squire", Jangho ("601886 CH") , which bought a blocking stake on the 31st of July 2015.The Squire has now turned into a "White Knight", offering AUD 1.10 per VEI share, representing ~ 62% premium to VEI's pre-deal announcement price (3 July 2015).

Vision Eye Institute

White Squire to White Knight