report in financial review Nice report on Burns Philp in today's Financial Review. Refers to the imminent sale of the Tones herbs and spices business (possibly in time for the 3rd quarter sales results next month)and of a new report valueing BPC shares at 60% above current prices (presumable current prices was the 63cps quoted later in the article).
The article says that most analysts expect the second largest player in the US herbs and spices market to be sold off to a finiancial or private equity player for beteen $300 million to $400 million but some brokers believe that it may fetch $450 million due to the strong interest in US food businesses by private equity players.
Article later quotes investment analysis firm, Capital Partners, as forecasting for BPC an EBITDA of $575 million on revenues of $3.46 billion. In 2005 EBITDA is expected jump to $587 million and net profit of $107 million on revenues of $4.5 billion.
BPC
burns, philp & company limited
