Veritas comments on the dealThe company disclosed in Tuesday’s news release that it had hired TD Securities Inc. to give a fair market value for the company, which TD pegged between $20.50 to $25.50.
Veritas analysts Kathleen Wong and Maggie Wang, who had previously estimated Neighbourly’s intrinsic value at $33 a share, lowered their valuation to $25.50 – the upper end of TD’s range – and said in a note to clients they believed shareholders would push for a higher go-private price than the $20.50 that PCP offered.
https://pe-insights.com/news/2023/10/04/persistence-capital-partners-takes-neighbourly-pharmacy-private-in-916m-deal/
Does anyone have access to the full Veritas note?