Musings on Markets

MARCH 5, 2025

In my ninth (and last) data post for 2025, I look at cash returned by businesses across the world, looking at both the magnitude and the form of that return. That is not true, since that action just transfers value from shareholders who sell back (at the too low a price) to the shareholders who hold on to their shares.

Dividends 52

Dividends Start-ups Equity Corporate Finance 52

Benzinga

JULY 1, 2025

Net purchase price of $230 million when adjusted for ~ $15 million net present value of anticipated tax benefits Annual run rate synergies ~ $10 million expected by end of year two Expect 2025 proforma net leverage ratio of ~ 2.0x net debt/adjusted EBITDA CHATTANOOGA, Tenn.,

Net Present Value 40

Net Present Value Net Debt EBITDA Marketability 40

Benzinga

JANUARY 14, 2025

14, 2025 (GLOBE NEWSWIRE) -- United Rentals, Inc. d/b/a H&E Rentals (NASDAQ: HEES ) ("H&E") today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion of net debt. STAMFORD, Conn.

Net Debt 40

Net Debt EBITDA Net Present Value Enterprise Value 40