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?
- Forums
- ASX - By Stock
- hart appointed chairman
BPC
burns, philp & company limited
After yesterdays announcement, and still wondering wheather or...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)