Neinor-Aedas Homes: Mandatory OPA Triggered — Low-Risk Carry With CNMV Optionality
Neinor’s 79.2% stake triggers a mandatory €24 OPA for AEDAS. Shares trade near the floor: downside capped, execution risk low, with upside optional...
30 Views
Bondalti-Ercros: Acceptance Risk Removed, Deal Enters Final Execution Phase
Bondalti has de-risked its Ercros bid by cutting the acceptance threshold to 50%. With shares at €3.42 versus a €3.505 offer, the trade is now a...
117 Views
Qualcomm - Alphawave: Closing the Loop on a Clean Trade
With the scheme sanctioned and effectiveness imminent, Alphawave offers no spread at 184.6p vs. FX-implied value of ~185.1p. Arbitrage is done —...
420 Views
Liquid Universe of European Ordinary and Preferred Shares: December'25 Report
December added technical noise, not thesis risk: median spreads were unchanged, convergence paused but intact, marginal voting premia erode, and...
186 Views
Ferrovial: Nasdaq-100 Inclusion Confirmed – From Probability to Outcome
Ferrovial’s Nasdaq-100 inclusion is confirmed for Dec 22, validating its U.S.-centric strategy and likely triggering ~$315m passive inflows, with...
343 Views