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Fly News Breaks for August 27, 2018
WHR
Aug 27, 2018 | 09:56 EDT
Raymond James analyst Sam Darkatsh says the leverage buyout math for Whirlpool works for the first time since 2012. Whirlpool's current valuation represents a level that would theoretically support a 30% internal rate of return for a prospective private owner, even after offering a 25% premium to take the company private, Darkatsh tells investors in a research note. The analyst cautions, however, that he's not suggesting Whirlpool will or should go private. He's merely saying that the stock at current levels could attract private market participants. This has only happened a handful of times over the past two decades, and each instance has "represented highly attractive historical entry points," Darkatsh writes. He has an Outperform rating on Whirlpool.
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