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Travel suitcases and bags maker $TUMI said it will be acquired by Samsonite International for $26.75 per share, or an equity value of $1.8Bil. This represents a 13.6x enterprise value to $TUMI's adjusted EBITDA for last 12 months ended Dec. 31, 2015. The deal has been approved by the BoDs of both companies and is expected to close in 2H16.
Planned to give Apple AirPods as a Christmas present to my beloved one. Looks like I need backup plans as $AAPL is delaying the release..!!
When you fall hard, I think you stay there for a long time.. I am looking at you $FTNT! After it released the earnings, the share price slipped and is staying around $30 for a long time.
$FOXA just entered into a preliminary deal with Sky plc under which it will acquire all shares, or should I say remaining shares for a total value of $23 billion. The sleeping fox catches no poultry, but this fox just caught something that’s a lot bigger than poultry.