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6752 - Panasonic News Story

¥1247.5 8.0  0.7%

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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 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 Panasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 bln*:nL1N2MG0IU Breakingviews - Panasonic turning dial too far on $6.5 bln deal*:nL4N2L71GO ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS | Editing by xxx and Sharon Lam) ((; Reuters Messaging:
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