Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
Strategic Alternatives Monitor: Gunbroker.com’s owner AMMO sold its ammunition manufacturing assets to Olin-Winchester for $75mn in cash and will focus on their online business. Look, we like their Gun Broker marketplace business and glad they will be focusing on that, and infusion of cash is very bullish, with the accounting issues and recent non-reliance on filings, this has just too much hair on it.
Rights Offering Monitor: The PE firm Gimv NV, GIMB BB plans to raise EUR 247 mil via a rights offering. A 30% shareholder is committed to the issue, and a quarter of the RO is backstopped. The rights will be traded between Jan 23 and Feb 6 under GIM32.
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Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!