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Staples maybe worth nearly $10 per share in LBO - Deutsche

Published 06/22/2017, 08:06 AM
© Reuters.  Staples maybe worth nearly $10 per share in LBO - Deutsche
SPLS
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  • A buyout price in the high $9 per share area - or just over $9B - would work if the new owner can lift margins by 25 basis points per year, says analyst Mike Baker. Over time, this would move EBITDA margin to 8.5% by 2021 vs. 7.5% estimated for this year.
  • Source: Bloomberg
  • Staples (NASDAQ:SPLS) is up 7.5% premarket to $9.31 after last night's report of talks between it and P-E player Sycamore Partners.
  • Now read: Staples: Darn Those Pesky GAAP Numbers


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