Several Acquisitions stories caught my attention in recent months. Noting that there are no certainty that any of these acquisitions would go through, some of them potentially have a very high chance of going through due to the size and reputation of the acquirer thus removing the arbitrage completely (for example the recent Tiger Air $0.41 offer per share by SIA Ltd). The following are 3 potentially lucrative deals that the market is giving some substantial discount.
Caveat Emptor. Appreciate the comments/discussion.
Note: The author doe not own any stake in any of the companies mentioned. You may also contact him directly at joelsiew@gmail.com
No.
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1
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Company Name
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China Minzhong
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Current Price
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S$0.77
|
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CV
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S$504.7m
|
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5 year low
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S$0.53
|
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5 year high
|
S$1.85
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Acquirer name
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CBZ BVI (solely owned by
Chairman/CEO Lin Guo Rong)
|
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Acquirer current stake
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0.82%
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Offer price
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S$1.20
|
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Offer Valuation
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S$786.55m
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Upside
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55.84%
|
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Required cash outlay by
acquirer
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$551.05m for 70.1%
|
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2
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Company Name
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Asiatravel.com
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Current Price
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S$0.245
|
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CV
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S$85.9m
|
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5 year low
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S$0.163
|
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5 year high
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S$0.485
|
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Acquirer Name
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Zhonghong Holdings
(China)
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|
Offer price
|
S$0.30
|
|
Offer valuation
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S$105.18m
|
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Upside
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22.5%
|
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Required cash outlay by
acquirer
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S$93.15m
|
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3
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Company Name
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Saizen Reit
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Current Price
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S$1.08
|
|
CV
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S$311.4m
|
|
5 year low
|
S$0.65
|
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5 year high
|
S$1.14
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Acquirer Name
|
Triangle TMK
|
|
Offer price
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S$1.17
|
|
Offer valuation
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S$337.35m
|
|
Upside
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8.33%
|
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Required cash outlay by acquirer
|
$337.35m
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