profit warning: Nevertheless, it would require real guts to turn down what Bain Capital and Carlyle Group LP are dangling, according to The Independent. Osram was already in a weak state when news about the potential bid emerged in November, pushing the stock as high as 41 euros. The 3.4 billion-euro 3.8 billion offer for German lighting group Osram Licht AG values the company's shares at less than what they were trading at as recently as March. A profit warning in March the company's sixth in little more than a year dragged the shares down to 25 euros, and they would doubtless have sunk even lower had the takeover talks not been rumbling on. At 3.8 billion euros including net debt, the mooted valuation is a generous nine times estimated Ebitda for 2020. The 35 euros-a-share offer is some 39% above that low point, and 22% above the average price over the past three months.
(news.financializer.com). As
reported in the news.
Tagged under profit warning, mooted valuation topics.