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

20 Oct 2015, Wumei Holdings and Wumart Stores jointly announced:<ol><li>Proposed withdrawal of listing of the H Shares of Wumart Stores ("1025 HK")</li><li>Voluntary Conditional Offer for all the issued H shares in &nbsp;Wumart not already owned by the Offerors</li><li>Voluntary Conditional Offer for all the issued A shares in Wumart&nbsp;not already owned by the Offerors.</li></ol>The offer is &nbsp;HKD 6.22 in cash / H share and RMB 5.07 in cash / A share. The offers have&nbsp;been declared as final.Wumart opened at HKD 5.89 and closed at HKD 5.50 when trading resumed. Is a gross spread of 13.1% sufficient after accounting for the downside and possible deal break?

20 Oct 2015, Wumei Holdings and Wumart Stores jointly announced:Proposed withdrawal of listing of the H Shares of Wumart Stores ("1025 HK")Voluntary Conditional Offer for all the issued H shares in &nbsp;Wumart not already owned by the OfferorsVoluntary Conditional Offer for all the issued A shares in Wumart&nbsp;not already owned by the Offerors.The offer is &nbsp;HKD 6.22 in cash / H share and RMB 5.07 in cash / A share. The offers have&nbsp;been declared as final.Wumart opened at HKD 5.89 and closed at HKD 5.50 when trading resumed. Is a gross spread of 13.1% sufficient after accounting for the downside and possible deal break?

Wumart - Four Blocking Stakes, can this deal get through?

Wumart Stores Inc H

Wumart - Four Blocking Stakes, can this deal get through?