Stellenbosch - August 7, 2016 - Steinhoff (FRANKFURT: SNH) and Mattress Firm (NASDAQ: MFRM) today announced that they have entered into a definitive merger agreement under which Steinhoff will, subject to the successful consummation of a cash tender offer, acquire Mattress Firm for $64.00 per share in cash. This represents a total equity value of approximately $2.4 billion and an enterprise value for Mattress Firm of approximately $3.8 billion including net debt. The investment in Mattress Firm will create the world's largest multi-brand mattress retail distribution network and facilitate Steinhoff's entry into the U.S. Similar to the European retail mattress market, where Steinhoff is a leader, the North American mattress industry has demonstrated long term stability and consistent growth. Mattress Firm represents an attractive investment proposition to Steinhoff through its national footprint and leadership in the U.S. mattress retail market. The acquisition price is a premium of 115% to Mattress Firm's closing price of $29.74 per share at the close of trading on August 5, 2016. The transaction has been unanimously approved by the board of directors of Mattress Firm and the management and supervisory boards of Steinhoff. Stuipd German Money MoneyStupid Dutch Money . Sind die wahnsinnig? http://seekingalpha.com/article/3994515-mattress-firm-destru… Werd ich morgen gleich mal shorten... |
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aus der Diskussion: | Steinhoff International |
Autor (Datum des Eintrages): | ArminBrack (07.08.16 22:30:59) |
Beitrag: | 6 von 84,618 (ID:53009374) |
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