We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hardly frugal

15 May 2007 By Una Galani

Given the punchy price and the antitrust issues other obvious bidders would face, the risk of an interloper looks low. The price isn’t just over 12 times 2007 ebitda. Counting synergies, Heidelberg will earn a 5.4% return, well below Hanson’s cost of capital.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)