MikeyMcDermott
Oct 11, 10:28 PM
$CCCS the sharps know the deal price. they would have bid it up to 9 AH Friday if the deal was going to be at 11-12 imo.
My guess is another 20-30% premium from
$8. Gets you to ~
$10 zone ... maybe
$10.50. That is
$6.5 billion equity value on 616 million fully diluted shares, add 1.2 billion ish net debt for
$7.7 billion deal all in ... vs
$1.2B revs, 480 million EBITDA and maybe 350 million FCF.
look at
$OPCH similar story ... news broke after hours about a deal, stock was up 4-5 bucks, then deal price was another 10-15% from that level.
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