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£1.3 billion takeover
- Waste management business Biffa’s share price surged on Tuesday after it agreed to a £1.3 billion takeover from US-based Energy Capital Partners (ECP). The deal values Biffa shares at 410p. This is a 28% premium to the closing price of 325p on 6 June, the day before a £1.4 billion offer from ECP was announced.
www.forbes.com/sites/roystonwild/2022/09/27/biffas-share-price-soars-28-on-us-takeover/
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Sep 27, 2022 · Biffa has accepted a lowered £1.3bn takeover bid from a group controlled by US private equity firm Energy Capital Partners, as turmoil in UK markets weighs on dealmaking.
- Leke Oso Alabi
Jun 1, 2021 · Biffa's shares rise despite closure of hospitality venues hitting revenues and sending it to a £52.8m loss. Biffa was also hit by weakness in its construction-dominated Inerts business. Chief...
Oct 19, 2022 · Biffa’s share price skyrocketed after agreeing an acquisition by ECP. Is this just a spike or the cusp of something greater?
- Profits Should Bounce Back
- Customers Want Biffa to Get Bigger
- Biffa Share Price: Still A Buy?
Biffa’s collection volumes fell by up to 50% between April and June last year, as many businesses closed completely. Although the company saw a “solid recovery”over the remainder of the year, waste volumes for the full year were still down by 18% on 2019/20. The pandemic also hit the recycling business, which saw volumes fall by around 20% on the p...
Biffa’s recent acquisition of Viridor’s ops will expand the company’s market share, especially in the south of England. It seems clear to me both Biffa’s customers and, potentially, its share price should benefit from deals of this kind. One example is that more intense collection routes mean the company’s refuse lorries get filled quicker and spen...
When I last looked at Biffa shares, the stock was trading on just 11 times forecast earnings. Today, its rising share price values the business at around 18 times forecast earnings. The company’s debt levels are a little higher too, as a result of last year’s slump and continued acquisition activity. Higher debt leverage carries some risk, but this...
Nov 23, 2021 · So why have Biffa shares fallen and what was in the results that has prompted the dip? Half-year results spooks investors. Biffa’s half-year results covered the 26 weeks ended 24 September...
5 days ago · Biffa Group Limited is a leading UK waste management company, providing collection, recycling, treatment, disposal and technologically-driven energy generation services across four operating...
