After yesterdays announcement, and still wondering wheather or not an aqcuisition is likely I have come across the idea that Mr Hart could possibly be considering privatising the company.
Considering most analysts have targets of 80cents - $1.00 on BPC it is trading at a discount to fair value. With $1.35 billion in the bank it would only take approximately $950 million to buy back the remaining stock 43% of the company he doesnt already own.
This would also leave BPC $400 million in the bank account, for any bolt on acquisitions or the repayment of debt.
With interest rates locked in and BPC trading at a supposed discount this could be another deal of the century for Mr Hart.
Any comments on the thought?
BPC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
