- This topic has 0 replies, 1 voice, and was last updated September 28, 2023 at 12:09 pm by
Nick Hargrave.
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September 28, 2023 at 12:09 pm #5634
Nick Hargrave
KeymasterA $2bn acquisition to form an 85% owned JV at quite an expensive price (13.8x EBITDA), excluding their projected synergies, more than double their own multiple. Understanding the strategic rationale for scale in this growing business to create the leading mixed fleet precision ag business, this is an extra turn of leverage. Mixed feelings on this until the implications are fully understood
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