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Panta Capital Ltd is an investment consulting firm for retail & institutional investors, specializing in international, liquid event driven investing with a strong focus on European and North-American merger arbitrage and equity special situations. Panta Capital activities evolve around... More
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  • Minerva plc: Merger arbitrage situation for this London property bid 0 comments
    Nov 23, 2009 1:12 PM
    We have analyzed the Minerva plc situation, which on 17-Nov-09 received an unsolicited 50p or £84.5m cash offer from Kifin Limited, Minerva's 29.9% shareholder. Given the developments for Minerva in the last 12 months, we believe the offer is highly opportunistic. We have looked at the bid history, the upside and possible drawdown for the Minerva investment case, and believe Minerva's current share price represents a buying opportunity for this smaller capitalized company, which might be off the radar for most special situation investors. For full analysis of the situation, please access the Panta Client Section.
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