Archive - Origo Research

Excel | easyJet Merger Arb Calculator

With the renewed Iran tensions and oil price volatility easyJet has traded off to 588p / share, implying a pretty juicy 17.3% merger arb spread.

16 hrs ago • Origo Research

Deep | BKNG: Re-routing $7B of Paid Search in the Agentic Era

Booking Holdings spent $32B on advertising over the last 5 years.

Jul 9 • Origo Research

Flash | easyJet Board Recommends 690p Offer, Merger Arb Spread Sits at 13%. Too Wide?

Castlelake put forward a (fifth) offer at 690p / share which finally garnered enough support for the Board to recommend.

Jul 7 • Origo Research

Weekly | Can You Still be a Stock Market Genius? Grading the Spin-Off Class of H1 2026

Jul 5 • Origo Research

Deep | Solaria: Valuing this Powered Land Bank Platform in a Grid-Constrained Europe

Breaking down the valuation drivers as Solaria transitions from price-taking solar developer to energy infrastructure platform selling time-to-power

Jul 4 • Origo Research

Flash | Klarna vs. Google Verdict is In: $1.97B

Quick note on the verdict that just came through on Klarna.

Jul 1 • Origo Research

June 2026

Flash | Quick Thoughts on Honeywell Valuation Post Spin-Off

Yesterday Honeywell completed the spin-off of its Aero Technologies division trading under the new ticker $HONA.

Jun 30 • Origo Research

Weekly | Mind the Gap in UK M&A, Alt GPs Back on the Menu?

+ the week ahead

Jun 28 • Origo Research

Deep | Klarna’s Free $9B Option on Google

On Friday 26th June Swedish courts will render their verdict on a litigation amount with a face value in excess of Klarna's entire market cap

Jun 25 • Origo Research

Weekly | The $MSTR Layer Cake, $SATS Spectrum Auction 113 Read-Across

Michael Saylor went on record this week talking about how he designed STRC using AI. We can picture the prompt:

Jun 21 • Origo Research

Weekly | Volatility Galore, $SATS Rollercoaster, Post-Catalyst Investing

We have seen some incredible two-way volatility over the past 6-7 trading days with the chance to opportunistically add to and trim several names:

Jun 13 • Origo Research

Deep | easyJet vs. Castlelake: Put Up or Shut Up

Why a Castlelake bid is still far from being fully priced in

Jun 8 • Origo Research

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