Notitia
Deal process, valuation, due diligence, synergies and financing.
Source: FRED, Federal Reserve Bank of St. Louis
CSV · Expert…
A (€100m net income, 50m shares at €40) buys B (€20m net income) for €450m, paid in A shares, with €10m of pre-tax synergies.
Accretive thanks to synergies: without them the deal would dilute. A pro checks that synergies are realistic and dated, and compares the price paid with A’s multiple.