Q: If ATD were to complete a purchase of Seven & I at a decent price, I believe 5i's assumption is that we would see a pop in share price. If ATD were to walk away from a deal, would the share price also increase (due to less dilution, debt, etc)?
In other words, is this a situation where the primary risk for ATD is overpaying for Seven & I?
In other words, is this a situation where the primary risk for ATD is overpaying for Seven & I?
5i Research Answer:
We think so, other than the typical market risks and normal business/earnings risks. The 7/11...