Q: Hi 5i,
Thank you for your answer to my question about LMN the other day. I have one (perhaps two) more:
Does LMN acquire public companies, or does it restrict its acquisitions to those in private hands?
If LMN does acquire public companies, do you think Sylogist would be a potential or likely target?
Thanks 5i,
Peter
Thank you for your answer to my question about LMN the other day. I have one (perhaps two) more:
Does LMN acquire public companies, or does it restrict its acquisitions to those in private hands?
If LMN does acquire public companies, do you think Sylogist would be a potential or likely target?
Thanks 5i,
Peter
5i Research Answer:
LMN is not precluded from buying a public company but not has been active there. It has bought divisions from public companies, however. Due to its valuation, and relatively low cash flow, we would not view SYZ as a target for LMN right now.