Panasonic logo

6752 - Panasonic News Story

¥1247.5 8.0  0.7%

Last Trade - 7:00am

Sector
Technology
Size
Large Cap
Market Cap £18.74bn
Enterprise Value £17.96bn
Revenue £43.41bn
Position in Universe 52nd / 3899

BREAKINGVIEWS-Panasonic's $7 bln deal will leave investors blue

Fri 23rd April, 2021 11:19am
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Katrina Hamlin HONG KONG, April 23 (Reuters Breakingviews) - The Japanese group is paying a pricey 33 times forecast EBITDA for Blue Yonder, its biggest acquisition in a decade. The target's expertise in supply-chain software and steady stream of subscription sales are appealing, but the implied return on investment is a huge downer. Full view will be published shortly. Follow @KatrinaHamlin https://twitter.com/KatrinaHamlin on Twitter CONTEXT NEWS - Panasonic on April 23 said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion. - Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone and New Mountain Capital. Including debt, the deal values Blue Yonder at $8.5 billion, the company said in a press release. - For previous columns by the author, Reuters customers can click on HAMLIN/ <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Panasonic filing https://www.panasonic.com/global/corporate/ir/pdf/en210423-1.pdf Panasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 bln urn:newsml:reuters.com:*:nL1N2MG0IU Breakingviews - Panasonic turning dial too far on $6.5 bln deal urn:newsml:reuters.com:*:nL4N2L71GO ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe | Editing by xxx and Sharon Lam) ((katrina.hamlin@thomsonreuters.com; Reuters Messaging: katrina.hamlin.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.