A recent market report from Pitcher Partners found that M & A activity in 2017 increased 55% compared with the prior year, with numerous industry players such as Morgan Stanley, KPMG, and more all suggesting that M & A activity is showing no signs of slowing down just shy of... Show More
The Australian quotes us this morning as being “angry” at CIMIC about its bid for mining contractor Macmahon (Forager's managed funds own 8.63% of Macmahon) . Quite the contrary, the bid is excellent news. Show More
At Harvest Lane, one of our core strategies involves taking a position in stocks that are subject to a takeover (also known as Merger Arb) and/or some other type of corporate activity. If the right opportunities are selected, this strategy produces limited downside volatility of returns, exhibits low correlation with... Show More
There’s still a chance of yet more icing on the cake for Vision Eye Institute investors. The $1.10 per share cash bid from Chinese group Jango looks like a winner, but Vision has $37m in franking credits, or 20c per share, that could potentially be passed to shareholders. The current... Show More
July was an action packed month for sleepy Vision Eye Institute (VEI). ASX-listed Pulse Healthcare launched an unlikely looking all scrip offer for Vision at the start of the month. Nominally the offer values Vision at $0.88 a share, but it's all payable in Pulse scrip. Optimistically priced Pulse scrip... Show More
Takeover talk is back today and the Cardno share price is up 17%. It's been on again, off again for the past few years but there seems to be something in the US business in particular that keeps the suitors interested. Show More
With interest rates at historical lows, one area we can look to for trading opportunities is corporate transactions, new deals seem to appear each day both internationally and locally. Merger arbitrage is the business of trading stocks in companies that are subject to takeovers or mergers. Arbitrage exploits the fact... Show More
John Corr, the CIO of Aurora was 'on the money' with his call that the Private Equity bid for SAI Global might attract additional corporate interest. Today the newspapers report that SAI global has set up a formal bidding process after the indicative offer from Pacific Equity Partners triggered new... Show More
The key differences between a private equity and a corporate bid. John Corr, CIO at Aurora warns investors to be careful when assessing buying into a takeover situation where the bid is indicative from a Private Equity group. These deals do come off but quite often they fall over. People... Show More