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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.740-2.3%3:56 PM EST

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To: richardred who wrote (4581)2/14/2018 11:00:48 AM
From: richardred  Read Replies (1) of 7243
 
RE- Infrastructure building acquisition trend


Granite Construction to Acquire Layne Christensen in $565 Million Stock Merger Transaction
Positions Granite as a National Leader Across Both Transportation and Water Infrastructure Markets

Transaction Equity Value of $376 Million

Expected to Generate Annual Cost Synergies of Approximately $20 Million

Enterprise Value Multiple of 8.2x 2018 Expected EBITDA1, Including Full Run-Rate of Cost Synergies

Expected to be Accretive to Granite's Adjusted EPS and High Single-Digit Accretive to Granite's Adjusted Cash EPS in First Year After Close2

Granite to Host Conference Call and Webcast at 5:30 a.m. PT / 8:30 a.m. ET Today



businesswire.com


P.S. >Accretive to Granite's Earnings. The transaction is expected to be accretive to Granite's adjusted earnings per share, and high single-digit accretive to Granite's adjusted cash earnings per share in the first year after closing.

I expect to see more corporate stock deal acquisitions. Especially if and when money becomes tighter to borrow.
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