European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

XxxLutz/Home24: Final Chance to Abandon the Boat

XXXLutz Consortium/​Home24: Additional Acceptance Period

XXXLutz Consortium/Home24: Rescue Takeover

Event-Driven

<ul>
<li>The offer has ended. The bidding consortium has secured 92.67% of home24 shares (including capital increase and share purchases). Completion still remains subject to customary antitrust approvals.</li>
<li>Unsurprisingly, the shares are now trading at a 8.07% discount to the offer price. Delisting is looming and holdouts have not a sell-out right. </li>
<li>It is still puzzling to me why &gt;7% of shares have not been tendered. The bidders might make a delisting offer, but not necessarily at the offer price.</li>
</ul>


The offer has ended. The bidding consortium has secured 92.67% of home24 shares (including capital increase and share purchases). Completion still remains subject to customary antitrust approvals.
Unsurprisingly, the shares are now trading at a 8.07% discount to the offer price. Delisting is looming and holdouts have not a sell-out right. 
It is still puzzling to me why &gt;7% of shares have not been tendered. The bidders might make a delisting offer, but not necessarily at the offer price.


XXXLutz Consortium/​​Home24: Final Results and Delisting

Home24

XXXLutz Consortium/​​Home24: Final Results and Delisting

XXXLutz Consortium/Home24: Final Results and Delisting