We offer event driven research services that cover select M&A deals from every angle, with a particular focus on identifying and analysing the key upside and downside risks to a particular transaction. We specialise in European risk arbitrage but also assess deals globally to understand key trends, shareholder tendencies and regulatory and political matters.
Our event driven research reports can be bought individually, or as part of an annual subscription.
If you are a qualified investor and would like more information on our research services, please get in touch.
.Register your email address to receive an alert when we publish a new report.
| Report | Country | Sector |
|---|---|---|
| Sky / Twenty-First Century Fox "Non-Fanciful Concerns" and New Deal Risks |
UK | Media |
| Twenty-First Century Fox / Disney Impact of AT&T, over Disney, and across Sky |
US | Media |
| WS Atkins / SNC-Lavalin Group Potential M&A Activism and Bumpitrage |
UK | Industrials |
| Sky / Twenty-First Century Fox UK Political Impacts on the Sky-Fox Deal |
UK | Media |
| Technip / FMC Technologies Mergers-of-Equals and Negative Arb Spreads |
France | Energy |
| Abertis / Atlantia Reactions and Thoughts on the Hochtief Counterbid |
Spain | Industrials |
| Huntsman / Clariant Post-Mortem: Companies Terminate Merger, Break Prices |
US | Materials |
| Sky / Twenty-First Century Fox Heading into 29 June Announcement |
UK | Media |
| Worldpay / Vantiv M&A Acquirer Activism and Standalone Values |
UK | Technology |
| Delta Lloyd / NN Group Pre-Event Risks, the Stichting and Shareholder Reactions |
Netherlands | Financials |
| Sky / Twenty-First Century Fox Opportunities and Risks For M&A Activism |
UK | Media |
| Syngenta / ChemChina Sources of Funds |
Switzerland | Materials |
| Actelion / Johnson & Johnson Uptravi Assessment and the R&D NewCo Spin-off |
Switzerland | Health Care |
| Amec Foster Wheeler / John Wood Group Antitrust, Interloper and Break Price Risks |
UK | Energy |
| Zodiac / Safran Assessing the Consequences of Zodiac’s Profit Warnings |
France | Industrials |
| SABMiller / AB InBev Proxy Adviser Risks |
UK | Consumer Staples |
| ARM Holdings / SoftBank Group Committed Buyer, Swift Timeline to Completion |
UK | Technology |
| Kuka / Midea German Protectionism and CFIUS Scrutiny |
Germany | Industrials |
| Syngenta / ChemChina CFIUS Analysis, Monsanto |
Switzerland | Materials |
| Sky / Twenty-First Century Fox The CMA’s Findings and the ‘Event-Based’ Sunset Clause |
UK | Media |
| NXP Semiconductors / Qualcomm Conflicting Break Price Analyses |
US | Technology |
| Abertis / Atlantia M&A Re-Rating and Counterbid/Bump Scenarios |
Spain | Industrials |
| Worldpay / Vantiv Target and Acquirer Susceptibility to a Counterbid |
UK | Technology |
| Kuka / Midea Implications of the BMWi Certificate Withdrawal of Aixtron / Grand Chip |
Germany | Industrials |
| Uniper / Fortum Bumping Offers Versus Building Stakes in German M&A |
Germany | Utilities |
| Kuka / Midea Update on CFIUS and ITAR Reviews |
Germany | Industrials |
| SABMiller / AB InBev Scheme Vote Considerations |
UK | Consumer Staples |
| Time Warner / AT&T Expected Verdict, Unwavering Confidence and Crowdedness |
US | Telecom |
| Time Warner / AT&T Precedent Parallels: EC-Blocked Vertical / Conglomerate Mergers |
US | Telecom |
| Linde / Praxair Antitrust Implications and Break Prices |
Germany | Industrials |
| Meda / Mylan VEB, the Dutch Enterprise Chamber, and Deal Collars |
Sweden | Health Care |
| Time Warner / AT&T From the Court House – Closing Arguments |
US | Telecom |
| Sky / Twenty-First Century Fox The Disney Effect and UK Chain Principle Considerations |
UK | Media |
| Sky / Twenty-First Century Fox Public Interest and Fit and Proper Analysis |
UK | Media |
| Syngenta / ChemChina Loan Refinancing Considerations |
Switzerland | Materials |
| Com Hem / Tele2 Manageable Antitrust and Break Scenarios, Plus Optionality |
Sweden | Telecom |
| Sky / Twenty-First Century Fox Comcast’s Intentions and Whether Fox or Disney Comes Back |
UK | Media |
| GKN / Melrose Industries Bumping, Waiving and Extending in UK Hostile Deals |
UK | Industrials |
| NEX Group / CME Group Exploring the Overlooked Antitrust Risks |
UK | Financials |
| Jardine Lloyd Thompson / Marsh & McLennan Regulatory Risks and Entry Points |
UK | Financials |
| Monsanto / Bayer International Antitrust Scrutiny |
US | Materials |
| London Stock Exchange / Deutsche Boerse Other Suitors, the UK Referendum and Antitrust Risks |
UK | Financials |
| Shire / Takeda Weighing Upside Versus the Acquirer Vote and Pipeline Risks |
UK | Health Care |
| NXP Semiconductors / Qualcomm Not Over Yet. Revisiting Break Prices and Trade Tariffs |
US | Technology |
| Twenty-First Century Fox / Disney Counterbids and Leverage, Governance and Antitrust Issues |
US | Media |
| Shire / Takeda Heading into the Takeda AGM on 28 June 2018 |
UK | Health Care |
| APA Group / CK Infrastructure Holdings Australian Politics, National Security and Chinese Influence |
Australia | Utilities |
| Spark Therapeutics / Roche Holding Implications of Pull-and-Refiles and a Second Request |
US | Health Care |
| Sky / Twenty-First Century Fox Effects of the DoJ’s Appeal Against AT&T and Comcast’s Intentions |
UK | Media |
| Luxottica Group / Essilor International MOFCOM Secured, Squeeze-Out and Sell-Out Optionality |
Italy | Consumer Discretionary |
| Linde / Praxair US and China Antitrust Analysis; Breaching the Divestiture Cap |
Germany | Industrials |
| Gemalto / Thales EC Phase II Antitrust, CFIUS and Downside Risks |
Netherlands | Technology |
| Randgold Resources / Barrick Gold Regulatory and Political Considerations; Nil-Premium Opportunities |
UK | Materials |
| Inmarsat / Apax, Warburg Pincus, CPPIB, OTPP Private Equity vs Public Market – Regulatory and Counterbid Thoughts |
UK | Telecom |
| APA Group / CK Infrastructure Holdings Call with Our Australian Legal Advisers |
Australia | Utilities |
| Twenty-First Century Fox / Disney Brazil Antitrust, Collar and Election Strategies, New Fox Value |
US | Media |
| Amer Sports Group / Anta Sports-led Consortium CFIUS’ National Security Considerations and Financing Stability |
Finland | Consumer Discretionary |
| Inmarsat / Apax, Warburg Pincus, CPPIB, OTPP Ligado Uncertainty and Optionality – Pre- or Post-Vote |
UK | Telecom |
| Tiffany / LVMH Specific Performance, French Government Intervention, Outcomes |
US | Consumer Discretionary |
| Tribune Media / Nexstar Media Group A Different Approach to Sinclair |
US | Media |
| Celgene / Bristol-Myers Squibb Buyers for BMS, Merger Agreement Strength, Antitrust and Activism |
US | Health Care |
| Red Hat / IBM Vertical Limit: The Cloud, Linux and European Antitrust Scrutiny |
US | Technology |
| Scout24 / Hellman & Friedman and Blackstone The 50%+1, Bestellerprinzip Risk and Optionality |
Germany | Media |
| TLG / Aroundtown Back-Ends in All-Stock, No Minimum Acceptance, Real Estate Deals |
Germany | Real Estate |
| WellCare Health Plans / Centene Corporation Antitrust Assessment and Other Deal Considerations |
US | Health Care |
| Inmarsat / Apax, Warburg Pincus, CPPIB, OTPP UK National Security, Ligado and Antitrust Updates |
UK | Telecom |
| Allergan / AbbVie Antitrust Complications and Considerations |
Ireland | Health Care |
| LINE / Softbank & NAVER Antitrust and Data, Squeeze-Outs and Appraisal Rights |
Japan | Telecom |
| GrandVision / EssilorLuxottica Cut and Termination Scenarios |
Netherlands | Consumer Discretionary |
| The Stars Group / Flutter Entertainment Global Antitrust and Notable Deal-Related Risks |
Canada | Media & Entertainment |
| Fiat Chrysler Automobiles / Peugeot Pre-Deal Hurdles, Rationale and Deal Structure |
Italy | Industrials |
| European LBOs / Axel Springer, Cobham, Inmarsat, Merlin and Osram Trends, Structures, Candidates |
Europe | All |
| COVID-19 / Impact on Pending European Public M&A Conditionality, Covenants, Precedents and ‘Outs’ |
Europe | All |
| COVID-19 / Impact on Pending US Public M&A Carve-Outs, Financing, Solvency, Fees, Specific Performance |
US | All |
| COVID-19 / Impact on Pending Leveraged Buyouts Broken Deals, Sponsor Optionality and Target Remedies |
All | All |
| Tiffany / LVMH Reprice and ‘Out’ Viability, Pandemic Impact |
US | Consumer Discretionary |
| Fitbit / Alphabet Fitbit’s Data and its Conglomerate and Vertical Effects |
US | Telecom |
| Cayman-Incorporated / US-Listed Chinese Takeovers Back-End Risks and Opportunities for Dissenters |
All | All |