Permira And Blackstone Announce Voluntary Offer For All Outstanding Ordinary Class A Shares In Adevinta At Nok 115 Per Share; Purchase Price Corresponds To An Equity Value Of Adevinta Of ~Nok 141B
Portfolio Pulse from Benzinga Newsdesk
Permira and Blackstone have announced a voluntary offer to acquire all outstanding Class A shares of Adevinta at NOK 115 per share, valuing the company at approximately NOK 141 billion. The acquisition is relevant to Blackstone (BX) and potentially to eBay (EBAY) if they have a stake in Adevinta.
November 21, 2023 | 4:42 pm
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POSITIVE IMPACT
Blackstone (BX) is directly involved in the voluntary offer to acquire Adevinta shares, which could lead to significant investment and potential growth opportunities.
As a direct participant in the acquisition, Blackstone's stock may see a positive short-term impact due to the potential growth and investment opportunities that come with the acquisition of Adevinta. The market typically reacts favorably to strategic acquisitions that can enhance a company's portfolio and market position.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
eBay (EBAY) may be impacted if they hold a significant stake in Adevinta, as the acquisition offer could affect the value of their investment.
The impact on eBay (EBAY) is conditional and depends on the size of their stake in Adevinta. If eBay has a significant stake, the acquisition offer could potentially increase the value of their investment, but without specific details on their stake, the impact remains uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50