Sep. 6 at 8:08 AM
$OTLY The strategic review has been going on for so long that I don't really see a scenario where no deal happens. Why would Oatly spend millions on legal and advisory fees and spend months on the process if there wasn't a high likelihood of a deal?
Some sources are talking about
$200 million in proceeds. Personally, I don't expect more than
$150 million, as that would imply a P/S of around 1x.
When do you expect the review to be completed, and what is your estimate for the proceeds? With
$475 million of net debt, even
$150 million would reduce net debt by around 30%, which would be a game changer for a company that could soon become FCF positive.
