BBI 0.00% $3.98 babcock & brown infrastructure group

m & a's on the rise., page-11

  1. 14,880 Posts.
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    They are getting confused with the rumoured $2 per share offer for MCG (rocketed to $1.75 on the close).
    MCG would be valued at a whopping 15X 2011 EBITDA if they received $2 per MCG share.

    This will no doubt be pushing up the price for DBCT. We know there are multiple serious interested parties. Even at 12X 2011 EBITDA for DBCT, this would value DBCT at $2.9Bn. Remember also that DBCT has regulated revenues so there is an argument that it is even more valuable than MCG's quality assets.
    It's all food for thought and I think the penny is finally dropping amongst the panic merchants that there are serious buyers in the market for quality assets.
 
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