Tue, Sep 16, 2014, 2:41 PM EDT - U.S. Markets close in 1 hr 19 mins


% | $
Quotes you view appear here for quick access.

Amazon.com Inc. Message Board

davecarneyinc 2 posts  |  Last Activity: Jun 30, 2014 8:42 PM Member since: Mar 14, 2008
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Even if they get only half what they paid for Heald, that's $200 Million - which is 8 times what the entire company is trading for here!

  • davecarneyinc davecarneyinc Jun 30, 2014 8:42 PM Flag

    Under the terms of the acquisition, Corinthian paid $395 million in exchange for all outstanding membership interests of Heald Capital LLC, including the assumption of approximately $23.4 million in debt related to a Heald subsidiary. Corinthian also paid an estimated working capital adjustment of $22.2 million that is subject to revision once the closing balance sheet is finalized.

    By virtue of Heald's limited liability ownership structure, Corinthian will receive a tax "step up" in the assets of Heald Capital LLC and its subsidiaries that is expected to provide substantial future tax benefits to Corinthian. Assuming a discount rate of 8% and an effective tax rate of 40%, these benefits have a net present value to Corinthian of approximately $70 million, implying an effective net purchase price of $325 million, or 8.5 times Heald's projected fiscal 2009 adjusted EBITDA.

    Corinthian financed the acquisition through a combination of cash and debt, including borrowings under its $280 million credit facility and available cash

328.785+4.895(+1.51%)2:40 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.