Something i just came across. Apologies if it has already been posted.
"0152 GMT [Dow Jones] A leveraged buyout of Billabong (BBG.AU) could work at up to A$1.60/share assuming a conservative 3.0x net debt to EBITDA and 400 basis points of margin recovery, providing a 27% internal rate of return to private equity, Citi analysts say. "Billabong's attraction to TPG is clearly the possibility of turnaround - margins have more than halved, working capital is high and there needs to be a restructuring following a high level of acquisitions recently," the broker says. It rates the stock a Buy, with a A$1.45 target price. BBG is up 21.4% at A$1.335 after TPG launched a A$1.45/share takeover bid"
- Forums
- ASX - By Stock
- BBG
- tpg makes $1.45 offer for bbg
tpg makes $1.45 offer for bbg, page-56
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries