DUET Group

DUE Details
· Response to the media speculation regarding acquisition of securities by Cheung Kong Infrastructure: DUET Group (ASX: DUE) stock rose over 16.6% on December 05, 2016 after the company confirmed that they got proposal from Cheung Kong Infrastructure to acquire 100% of DUE securities at a price of $3.00 per stapled security, which is payable in cash. Moreover, the acquisition is subject to the completion of satisfactory due diligence, DUE entering into a Scheme of Arrangement Implementation Agreement and regulatory and court approvals.

· Recommendation: DUE stock fell over 8.91% (as of December 02, 2016) in the last three months. We give a “Hold” recommendation at the current price of – $ 2.74

Bapcor Ltd

BAP Details
· Increase of offer price for the takeover of Hellaby Holdings Limited: Bapcor Ltd (ASX: BAP) stock rose over 1.84% on December 05, 2016, after the company announced that it would enhance the offer price for the takeover of 100% of the fully paid shares in Hellaby Holdings Limited to NZ$3.60 per share. For this, BAP has secured the support of Hellaby’s shareholders for its revised offer through irrevocable agreements. Moreover, BAP has extended the closing date for the offer from 20th December 2016 to 18th January 2017. The transaction is funded via cash holding and the new acquisition facility with the Australia and New Zealand Banking Group. Additionally, the revised offer is expected to be EPS accretive to BAP shareholders.

· Recommendation: BAP stock fell over 20.45% (as of December 02, 2016) in the last three months and we believe the pressure to continue in the coming months despite temporary positive momentum. We give an “Expensive” recommendation at the current price of – $ 4.99

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