Recall Holdings +18.67% over a 14-month holding period

Catalyst Type: Tender Offers


Iron mountain purchased Recall Holdings which was listed on the Australian Stock Exchange in a cash and share offer deal.

The interesting aspect of the deal, was that those who had up to 5,000 shares would receive cash, which was subject to the amount available in the cash pool.

We decided to enter a position at $7.32/share. Despite some swings in the share price, the total dividends collected together with the final take out at $8.50/share, lead to a decent 18.67% return on the position.


Our broker statement for this trade