Mittleman Brothers' Christopher Mittleman, whose fund owns more than 5 per cent of Village Roadshow, said a buyout "should not occur at less than $5.42 a per share", which represents 9 times earnings before interest, tax, depreciation and amortisation.Mr Mittleman said both bids roughly valued the company at 7 times EBITDA, and noted that in the six years before the Dreamworld tragedy, Village traded at an average 8.6 times EBITDA – without a premium for control.
From financial review write up.
Mittleman Brothers' Christopher Mittleman, whose fund owns more...
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