Home Investment Products Mutual Fund PNC Infratech asset sale: Why mutual funds love the stock despite a lower deal multiple. – The Economic Times

PNC Infratech asset sale: Why mutual funds love the stock despite a lower deal multiple. – The Economic Times

0
PNC Infratech asset sale: Why mutual funds love the stock despite a lower deal multiple. – The Economic Times

Synopsis

PNC Infratech is reported to have finalised a deal to promote 12 of its street property to non-public fairness investor KKR. A few of its friends received higher price-to-book multiples in related offers. But, most brokerages which have a powerful purchase score on the inventory see additional rerating post-deal announcement. Will good cash proceed to chase the corporate?

Adblock take a look at (Why?)

LEAVE A REPLY

Please enter your comment!
Please enter your name here