Readify readies for public float, page-14

  1. bbloff
    1,965 Posts.
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    13/05/15
    05:03
    Post #: 15266985
    This brings back some bad memories. Telstra acquiring IT firm KAZ group, for 7.6x EBITDA (A$333m) about a decade ago. While it was a small premium to the trading price, it was a fraction of the valuation from earlier years, a disaster for long term holders.
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