LT Criteria
We default t+15 to this date if definitive agreement date is not available.
What is the Rank date?
If there is a discrepancy about the location of a company’s corporate headquarters, Refinitiv use a weighted system (location of CEO, senior management, primary listing etc); In the event of a tie, Refinitiv will default the location to ______
Location of the CEO
On May 18, 2023, NTT Anode Energy Corp and Jera Co Inc agreed to acquire Green Power Investment Corp. There is no public source confirming the deal value of the acquisition, but P2 contributors are claiming that the deal value should be JPY 300 billion.
The available news releases only mention that NTT Anode’s Senior Executive Vice President, Koji Ito, acknowledged that the purchase price is approximately JPY 300 bil, during a press conference.
The deal should be tracked as
a. Undisclosed
b. Disclosed
Is it disclosed?
Koji Ito confirmed the estimated value over a press conference
Majority of the Financial Advisors claimed/confirmed the deal value
Top withdrawn deal last quarter
(By rank val)
4074318020 Option Care Health Inc/Amedisys Inc
The new SLA for P2-MNA prod task
Is it 24hrs?
Barrozo Inc (BI) and Calpe Corp (CC) agreed to merge on January 2023. However, due to shareholders disapproval, they decided to withdrew the transaction on the same month.
On a series of unforeseen events, BI declared bankruptcy and sought the help of CC. They then decided to merge effective on the first week of July. The second transaction should be track as a new deal.
Is it true?
Kriseng Corp, a private equity firm planned to acquire majority of Roseng Inc, a New York-based bank. Financial Acquiror should be flagged as acquisition technique.
Is it false?
Emerson Electric Co publicly announced last Jan 17, 2023, that it is acquiring National Instruments Corp. The proposal was submitted to National Instruments on November 3, 2022, and represents an improvement over an initial $48 per share proposal submitted on May 25, 2022.
All details, including proposal letters only became available on January 17, 2023, when the Emerson Electric first publicly announced its proposal to NI.
Should the deal’s rank and announcement date be set to January 17, 2023 or May 25, 2022?
January 17, 2023
Top completed deal YTD
(By rank val)
4077957040 Black Spade Acquisition Co/VinFast Auto Ltd
T2 and T3 deals from P2 submissions are tagged as
Is is P2-MNA?
Leigh Camella Inc (LEIG) agreed to merge with Louise Real Estate Corp (TSE: LOUI). The combined equity is USD 150 bil. The pro forma equity ownership is 52% LIG and 48% LOUI shareholders. Should this be valued? If yes, what is the deal value?
Is it True? USD 72 bil
23 Jan 2023, BACOOR CITY - Chinita Aliza Corp (NYSE: ALY), a private equity firm, acquired a 55% interest in Cutie Rommel Inc (NYSE: ROME) and plans to take it private. ALY launched a tender offer to acquire the remaining 45% stake in ROME. Upon completion, ROME's shares will be delisted from the New York Stock Exchange.
Going Private technique should be flagged on the first and second deal.
Is it false?
On August 14, Esmark Inc offered to acquire US Steel Corp and was captured as a solicited transaction. DEAL A was then updated from seeking buyer to a pending transaction with Esmark Inc as the acquiror. The transaction was then terminated by Esmark Inc on August 23, 2023.
Having two deals; 1 unsolicited and 1 terminated, there won't be any existing SB deal in our database. A new deal should be created to track the SB deal. Please take note that US Steel Corp released a press release stating that, “there can be no assurance that this process will result in the Company pursuing a transaction or any other strategic outcome”.
No need to create a new SB Deal since as per US Steel Corp – “there can be no assurance that this process will result in the Company pursuing a transaction or any other strategic outcome”.
This financial firm ranked 42nd based on the number of announced US deals advised from year to date.
Is it Chartwell Financial Advisory?
TIER For all submitted HDVs and deals from P2 firms(all tiers) for advisor crediting only:
Is it MNA-CREDIT-1?
Jermany Inc (ASX: JEJWA) agreed to acquire 100% of Katherina Corp (NYSE: KAT). On completion, JEJWA was only able to acquire 96% of KAT. Rank value flag should be unticked.
Is it False
Donya Jessamyn Inc (CSE: DONNA), a capital pool company planned to acquire Don Miguel Corp (MIGI), a tobacco manufacturing firm, for CAD 500 mil. On completion, DONNA and MIGI will own 35% and 65% of the combined entity, respectively.
Give the 4 acquisition techniques that apply.
Is it Reverse Merger, Financial Acquiror, Stock Swap, and Reverse Takeover?
Should we add USD 2.1 bil in the deal?
No. In accordance with LT Criteria 7.8, Stake purchases where an enterprise value has been disclosed but the purchase price for the stake acquired is undisclosed will not be valued. However, if the net debt of the target can be identified via the latest financial statements or other company disclosures, Refinitiv will deduct the net debt from the enterprise value to derive an estimated equity value and will prorate the equity value based on the stake being acquired. In the case of Deal No. 4068766020, USD 2.1 billion pertains to the value of OneOncology as a whole, shares sought by each investor was not specified in the sources, no indication how much will the other investors pay for the shares they've acquired, and the net debt figures of the target are not publicly available. To add, though public sources mentioned that AmerisourceBergen Corp will contribute USD 685 million in cash, representing approximately 35% ownership in the joint venture, if we computed for the 35% of USD 2.1 billion, it would result to USD 735 million, which wouldn't match to the contributed amount of AmerisourceBergen.
This is the largest US deal based on rank value that Freshfields Bruckhaus Deringer advised on the first half of 2021.
Is it SDC Deal No. 3707056020?
For Priority Financial and CT subs, we have ____ hrs to send our initial reply.
Is it 8hrs?