ôThe sale allows us to realise significant value from our US businesses, retain a material ongoing presence in this important market and substantially strengthen our capital structure,ö says Eddy Groves, CEO of ABC in a written statement filed with the Australian Stock Exchange ASX.
Groves also mentions that the deal was transacted at a 14.1 times Ebitda multiple on trailing earnings for the year ended December 2007. ABC benchmarked the multiple against the price Bain Capital paid in January to acquire Bright...
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