Bridget strikes again. I personally did not need this article to know that ZIP won't be undertaking any takeovers......Zip’s move to raise $267m to pay down debt is a signal that acquisitions are not on the agenda for the buy-now-pay-later provider, according to some analysts.
If the company was going to embark on deals, it would likely have kept its debt and used it to do so, because the loans it has are relatively flexible.
However, the latest raise by Zip makes it more attractive to a suitor, is one argument, because it now has no corporate debt, no convertible bonds and is growing at a rate of 40 per cent per annum in the United States.
The Bear Room, page-2444
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$2.85 |
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Mkt cap ! $3.720B | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| 26 | 283125 | $2.85 |
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| Price($) | Vol. | No. |
|---|---|---|
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