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Our workforce has re-evaluated the $one hundred million bid for Pinkerton proposed by Morgan Stanley (on behalf of yankee Manufacturers). Even though the rate tag is close to the high end of valuation based upon optimistic assumptions of synergy results, the financing conditions are attractive and in your best desire to maximize CPP’s present-day benefit and compete as the market leader soon after acquisition.
CPP’s very last bid of $eighty five million is properly during the reasonable vary for Pinkerton. Whilst a $one hundred million Learn More bid is marginally over the high-end on the valuation, $ninety seven.6M, in the eyes of CPP, we even now recommend proceeding since the financing terms are attractive when it comes to the tax shield.
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