Special Situation Investments

NIBC Holding (NIBC.AS) – Merger Arbitrage – 37% Upside

Sep 30, 2020Mar 25, 2020

Current price: €7.21

Offer price: €9.85 (updated offer €7.53)

Upside: 37%

Expected closing: H2 2020

SUBMIT IDEA

111 (YI)
anything on the conference call?
Hidde on Nov 30, 2023
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Based on this writer's research, it seems they have condition H to prevent potential headaches if the Chile situation gets…
Oracle_Of_Vancouver on Nov 28, 2023
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ijw on Nov 27, 2023
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Ilja on Nov 24, 2023
GAN Limited (GAN)
Yeah that is a headscratcher for me as well. I thought Sega would be mainly interested in B2B tech. So…
ijw on Nov 22, 2023
GAN Limited (GAN)
Been reading the information on coolbet. It seems clear they would be affected. However this issue was known prior to…
BKGal on Nov 21, 2023
GAN Limited (GAN)
From latest 10-Q, revenues from Chile represented 28.4% of total consolidated revenue in Q3 2023... pretty significant.
Stonkat_Ali on Nov 21, 2023
GAN Limited (GAN)
Read this interesting sensitivity analysis: https://continuouscompounding.substack.com/p/gan-part-4-decision-tree-analysis
Oracle_Of_Vancouver on Nov 18, 2023
GAN Limited (GAN)
Coolbet meets all these criteria for rejection. It even sponsors a football team called Colo-Colo ("It will also mean that…
Matt on Nov 17, 2023
GAN Limited (GAN)
Coolbet based in Chile
Nancy Pelosi on Nov 17, 2023
GAN Limited (GAN)
my mistake LatAm is a biz they dont separate out how much is Chile vs not
rsfund on Nov 17, 2023
GAN Limited (GAN)
what about Chile matters in this? Revenue and assets in chile are "0"
rsfund on Nov 17, 2023
GAN Limited (GAN)
Did some more digging: https://g3newswire.com/chile-online-bill-will-block-operators-who-have-been-present-in-the-market/ "According to article 13 of the bill: “The Superintendency will reject applications for an operating…
ijw on Nov 17, 2023
GAN Limited (GAN)
I don't speak legalese, but this implies Chile would need to make online gambling illegal right? "Chilean Operations. The National…
ijw on Nov 16, 2023
GAN Limited (GAN)
Read the merger agreement and look for language pertaining to Chile where Coolbet operates. Also look at what is happening…
Neil on Nov 16, 2023
GAN Limited (GAN)
I think 'profit taking' and 'salty people' are weak explanations for a gigantic 35% spread in a ~$100m merger. Add…
writser on Nov 16, 2023
GAN Limited (GAN)
There are a lot of salty people who got in at much higher prices. And this is a small cap.…
ijw on Nov 16, 2023
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Olve on Nov 16, 2023
GAN Limited (GAN)
Seems a bit excessive for the profit taking dynamics only, but maybe? Some people on Twitter are saying gaming license…
Jimo on Nov 16, 2023
GAN Limited (GAN)
Not seeing any news. Assuming this is just profit taking given the size of the pop it had on definitive…
mkasson on Nov 15, 2023
GAN Limited (GAN)
Any news here? Price seems to be cratering
Olve on Nov 15, 2023
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ijw on Nov 15, 2023
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Ilja on Nov 15, 2023
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Paul on Nov 14, 2023
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What would in case be the intention/end goal of deflecting attention from the process?
Olve on Nov 14, 2023
Quick Pitch: Hollysys Automation Technologies (HOLI)
That's a pretty optimistic view and I hope it will play out along those lines. However, I'm worried about the…
Ilja on Nov 14, 2023
Quick Pitch: Hollysys Automation Technologies (HOLI)
This whole saga is so incredibly strange. First the rumours, then the bid by the 2 COO's. Now Ascendant. If…
ijw on Nov 14, 2023