GREY:ATBIF - Post by User
Comment by
Cardboard1on Jan 13, 2014 4:01pm
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Post# 22086316
RE:exchange rates
RE:exchange rates
I thought too that the rapid movement in the dollar would help the other interested party.
The go shop period finished at noon and Permira should have 5 business days to respond to a higher offer. I say should, since I have no idea if this 5 day period extends beyond the noon deadline. The special meeting is on January 21 or 6 business days after so maybe that this 5 day still works out, but votes for the proposal are due on the 17. Hopefully that we will get some update soon.
I must admit that I really screwed in my valuation for this company. We could not even sell to a nutritional/supplements company at these low prices... It just shows that this company is involved in too many different segments and that the financial buyer will do some cleanup before they can finally realize the full potential from nutritional/supplements companies that don't want to clean it up themselves. Don't think for a second that they are simply going to try to make money by harvesting cash flow overtime from this buyout.
Cardboard