Ceva Logistics UK named and shamed as a 'serial late-payer'
Ceva Logistics UK has been branded a ‘serial late-payer’ among UK large companies. At the other ...
Speculation is raging in financial markets after the full details of the initial public offering (IPO) of CEVA Logistics emerged on Friday, when the deal was launched.
At the high end of the guidance (Sfr52.5 a share), the IPO tentatively values the equity capital of CEVA at Sfr1.8bn ($1.85bn) and its enterprise at Sfr2.6bn ($2.7bn), while the low-end value of Sfr27.5 a share implies market cap and enterprise value (EV), respectively, some Sfr300m lower.
The resulting EV includes the market cap and net ...
Comment on this article
John Doe
April 24, 2018 at 4:33 amHi there. The proposed IPO of CEVA makes for continued interesting reading.
There’s continued legal action being pursued against Apollo and CEVA by a significant number of former managers, who were lured into an equity buy.
The allegations relate to the conduct of Directors, honesty and transparency.
Whoever thinks about buying into CEVA needs to be aware of the extent of the legal action and how it might reflect on them.
Regards,
Ale Pasetti
April 24, 2018 at 10:41 amThanks John for flagging legal risk — do you think the impact could be material?
Alex Lennane
April 24, 2018 at 10:48 amAnyone who wants to know more about this legal action, can read about it under our tag ‘The CEVA story’. https://theloadstar.com/tag/the-ceva-story/