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Davy Research

IPL Plastics Inc

Agrees to be acquired by Madison Dearborn Partners

Jul 30 2020, 07:40 IST/BST
Flor O'Donoghue
Company Report
5 page(s)

Sectors : Paper & Packaging

Companies : IPL Plastics Inc

Ratings and price correct at time of issue.

IPL Plastics Inc

Closing Price: 747c
RATING 17/07/18
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Flor O'Donoghue

Analyst

DAVY VIEW

IPL Plastics has entered into an agreement to be acquired by Madison Dearborn Partners. It will pay C$10 per share, which is a 49% premium to the closing share price on July 28th. This values the business at an equity value of C$555m. The IPL Plastics share price closed at C$9.97 on July 29th.

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Jul 30 2020, 07:40 IST/BST