Adient Bolsters Its California Efforts With Futuris Acquisition
We are not changing our fair value estimate for Adient after incorporating its pending acquisition of seatmaker Futuris that was announced on Aug. 21. The deal’s value is about $360 million, including $18 million of Futuris debt assumed, and will be paid for out of Adient’s existing cash balance. The price is about 7 times current EBITDA and about 5 times EBITDA after expected synergies of about $75 million by fiscal 2019 ($55 million of which is expected in fiscal 2018). Management expects to c...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.