Or just buy Veridian
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FBU a logical buyer at this kind of prices.
FBU will be able to strip out at least $10m - $15m of corporate and regional overheads & real synergies by integrating MPG with its building materials supply network.
A no brainer but these days, FBU is seen as lacking in any kind of brains?
Im not saying anyone will pay $1, just that it might be worth around that for the right buyer. An acquirer will only pay what they think they need to and personally I'd say 70-75c would do the trick at this stage leaving probably 30% or so of value upside for the acquirer. Could be more for FBU who can strip out a lot of costs here.
Obviously FBU is not known for doing the right thing so I guess I can see them acquiring MPG.
Should be a breeze. Minor presence in glass market.
Refer page 16 :
https://fletcherbuilding.com/assets/...n-20180621.pdf