At liquidation value: M&A mongrel Forward Air – how exciting!
Let’s go for a stroll
Scratching the surface of the SATS + WFS deal disclosed today, the obvious headline M&A story is that one rather small provider of food and gateway services, as the Singaporean suitor defines itself, is doubling down to acquire a leveraged French handler, which fetched a hefty €2.25bn enterprise value (EV) to agree the sale.
That equates to S$3.1bn, which isn’t far away from SATS’s own enterprise value at between S$3.9bn and S$4.5bn, depending on whether we abide by forward or trailing EV ...
Canadian government invokes 'red tape rule' to prevent rail strike
Carriers juggling capacity and port congestion 'taking us back to the dark days'
'Liner panic' as new container production hits a post-Covid peak
Vessel juggling leaves ocean alliances short of Asia-Europe capacity
E-retailer demand surge to drive extended boom in trans-Pacific air freight market
More checks and delays at Nhava Sheva after latest seizure of goods from China
California staff launch class action against Ceva over 'breaches of Labor Code'
Air cargo's summer: traditionally slack, or Red Sea-induced demand?
Comment on this article