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Analyst 'Struggles to Find The Benefits' From JetBlue's Takeover Bid For Spirit

Benzinga

billion in market capitalization, $7.4 billion in enterprise value and “a 7.3x EV/EBITDAR multiple on our 2023 estimates,” according to BofA Securities. JetBlue Airways Corporation (NASDAQ: JBLU ) has made a $33 per share offer for Spirit Airlines Incorporated (NYSE: SAVE ), which equates to $3.7

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Good Intentions, Perverse Outcomes: The Impact of Impact Investing!

Musings on Markets

On the alternative energy front, as money has flowed into these companies, there has been a surge in enterprise value (equity and net debt) and market capitalization (equity value); I report both because impact investing can also take the form of green bonds, or debt, at these companies.

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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

In this post, I will focus on corporate debt in 2023, keeping in mind that it was a year where the tradeoffs changed, as interest rates rose to pre-2008 levels, and putting at risk those firms that had borrowed to capacity, or even beyond, at low interest rates.

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Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Benzinga

June 02, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets. NASDAQ: SGII ) ("SGII"), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc.

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Regency Centers Closes Acquisition of Urstadt Biddle Properties

Benzinga

18, 2023 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency") (NASDAQ: REG ) today announced the completion of its previously announced acquisition of Urstadt Biddle Properties Inc. The combined company has a total equity market capitalization of more than $11 billion and an enterprise value of more than $16 billion.

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Regency Centers to Acquire Urstadt Biddle Properties in All-Stock Transaction

Benzinga

May 18, 2023 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency") (NASDAQ: REG ) and Urstadt Biddle Properties Inc. The combined company is expected to have a pro forma equity market capitalization of approximately $11 billion and total enterprise value of approximately $16 billion. JACKSONVILLE, Fla.

Equity 40
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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

Consequently, you can only value the equity in a bank, and by extension, the only pricing multiples you can use to price banks are equity multiples (PE, Price to Book etc.). The notion of computing a cost of capital for a bank is fanciful and fruitless, and any attempt to compute an enterprise value for a bank is destined to end in failure.

Banking 63