GREY:XEBEQ - Post by User
Comment by
ZouZS3on Feb 27, 2021 10:08am
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Post# 32678565
RE:Monday
RE:Mondaytamaracktop wrote: Recently I pointed out that until now, every one of Xebec's acquisitions was announced on the last day of the month. The closing of Inmatec was announced last Monday, which is a departure from the norm.
Remember this excerpt from the December report from TD:
The aggregate purchase price for the LOI Acquisitions (excluding closing costs) is anticipated to be between $35 million and $60 million. As of the date hereof, the parties are in advanced stages of negotiation and it is anticipated that the definitive purchase agreements with respect to the LOI Acquisitions are likely to be executed by the parties in the near term.
I think Xebec announced Inmatec early so the announcement of the second LOI's completion could be announced separately, rather than being diluted if they had announced the two jointly.
I think they announced Inmatec last Monday so they can announce the second acquisition next Monday, the last day of the month.
If TD is right, and if the next acquisition is in the $25 million range, and if it is roughly in line with multiples of previous acquisitions, then this acquisition should add $35-$45 million to revenues.
TD hasn't incorporated that $35-$45 million into its current revenue projections.
There's a very good chance we'll see this news on Monday.
That would explain the volume today.
The probability is high.
I just hope you are right T