Q: hi 5i
Current holder of goose and see this morning it is up on rumours it may be taken private...any validity to these rumours as far as you know....and in your opinion what would you expect a take out price to be?
thx
Current holder of goose and see this morning it is up on rumours it may be taken private...any validity to these rumours as far as you know....and in your opinion what would you expect a take out price to be?
thx
5i Research Answer:
The news came out this morning that GOOS’s controlling shareholder, Bain Capital, has received offers to take the company private at around a US$1.4B valuation (the current market cap is around $1.34B). GOOS also received a few other offers from other buyers, and Bain Capital continues to accept more bids before selecting a buyer.
The company has not responded to this matter yet. That being said, we think it is likely that the transaction could go through, given the meaningful share price underperformance since going public. In terms of valuation to be taken out, investors might expect US$1.4B to be the lowest bid, but we think the final offer may not deviate significantly from that number.