Radar > 404323

The Board of Directors of Grifols recommends not supporting potential offer from Brookfield, as it undervalues the company

El Consejo de Administración de Grifols recomienda no apoyar la potencial oferta de Brookfield por infravalorar la empresa

Intel ID : 404323
Synopsis

The non-binding value indication given by Brookfield [TSX:BAM.A] was EUR 10.50 for each class A share, and EUR 7.62 for each class B share. These figures imply a company valuation of EUR 6.45bn.

The response of the Board of Directors of Grifols [BME:GRF, GRF.P] follows the recommendation of the Transactions Committee established to analyze the potential PTO, which previously also advised against supporting Brookfield's offer at the indicated valuation.
(content in spanish)

La indicación de valor no vinculante trasladada por Brookfield [TSX:BAM.A] fue de EUR 10,50 por cada acción clase A, y de EUR 7,62 por cada acción clase B. Estas cifran implican una valoración de la empresa de EUR 6.450m.

La respuesta del Consejo de Administración de Grifols [BME:GRF, GRF.P] sigue la recomendación del Comité de Transacciones creado para el análisis de la potencial OPA, que previamente también había recomendado no apoyar la oferta de Brookfield a la valoración indicada.

Relevant Documents

Bidder

Target


Intel ID 404323
Value EUR 6.450,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Grifols
(31 Dec 2023)
Revenue: -
EBITDA: -
Net Debt: -
Date
Country
Geography
Subsector (Old TTR Sectors)
Primary Subsector (TTRSC)
25.01.01 Asset Management (Primary)
25 Financial Services / 25.01 Banking & Investment

30.01.03 Pharmaceutical R&D, Manufacturing & Distribution (Primary)
30 Healthcare / 30.01 Biotechnology & Pharmaceuticals

Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Industry / Pharmaceutical, Parapharmaceutical and Cosmetics (Primary)
Services and Distribution / Healthcare, Hygiene, Medical Aesthetics and Cosmetics
Primary Sector (TTRSC)
30.01.03 Pharmaceutical R&D, Manufacturing & Distribution
30 Healthcare / 30.01 Biotechnology & Pharmaceuticals

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.