August 28, 2014 9:08 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Deutsche Bank analyst Rod Lache reiterated a Hold rating and $103.00 price target on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: LEA).In the report, Deutsche Bank noted, “Lear officially announced an agreement to acquire of Eagle Ottawa, the world's largest manufacturer of Automotive leather, for approximately $850MM. The details appear slightly better than suggested in media reports last week. Eagle Ottawa is expected to have 2015 revenue of ~$1bn and EBITDA of ~$140MM (based on the disclosed 6.0x pre-synergy purchase multiple). Adjusted for expected synergies of $22MM, we estimate the post synergy multiple at ~5.3x, approximately in-line with Lear's current EV/2015 EBITDAP multiple. The transaction is expected to close in Q1'15 and it will be financed through a combination of cash and debt. Lear expects the acquisition to be 5% accretive before synergies (we estimate post synergy accretion of ~7%).”Lear Corporation closed on Wednesday at $98.11.
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