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@real M&A hound,
Oct 16 17:27 pm
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All Comments by CrossProfit_ »DRS Update: The Company's Acquisition Could Be Sensitive [View article]
Not a bad guess for the closing date. Based on today's info, this could close before the end of October if all the financing gets done in time.
One other item: These types of transactions are immune to markets falling as they are pretty much insulated from market swings and recession. It takes forever to put this type of a deal together and the time horizon (expected return) is over a decade, not 'three years and sell' that private equity deals work on. It's always nice to have a government (Italian in this case) interested in the deal going through.
The dip to $75 two weeks ago was an ARB's wet dream (pardon our Italian!).
CrossProfit