Joaquín Mercado Sapiaín
Special situations, event-driven, arbitrage, research analyst

M&A In Travel: An Opportunity To Trade On The Potential Acquisition Of Swiss Kuoni Group

(Editor's Note: Investors should be mindful of the risks of transacting in securities with limited liquidity, such as KUIRF and KUIRY. Kuoni's listings in Europe may offer greater liquidity.)

Background

On 4 Jan 2016, the very first day of trading this year, investors witnessed a market drop-and-stop in China and knock on effects in major global stock markets.

This was less of a problem for those long Kuoni Reisen Holding AG (OTC:KUIRF, OTCPK:KUIRY) ("KUNN"), listed in Zurich.

As soon as traders returned to their desks after sipping champagne during New Year's celebrations, rumors started that KUNN was subject to a takeover offer.

The company released a statement on 5 Jan 2016 indicating that it had received "

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details