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Agile Co. is planning to acquire, Terminus Ltd., a privately held firm. Two of Terminus's competitors, Otis Ltd and Peppers Inc, are publicly traded and
Agile Co. is planning to acquire, Terminus Ltd., a privately held firm. Two of Terminus's competitors, Otis Ltd and Peppers Inc, are publicly traded and they have price-to-EBITDA ratios of 18 and 12, respectively. Agile estimates that next year Terminus will achieve EBITDA of $7.2 million. To gain a controlling interest in the firm, Agile expects to have to pay at least a 30% premium to the firm's market value. What should Agile expect to pay for Terminus Ltd.?
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
