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    BIFF   GB00BD8DR117

BIFFA PLC

(BIFF)
  Report
Real-time Estimate Cboe Europe  -  06:29 2022-11-28 am EST
407.50 GBX   -0.02%
11/25Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/24Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/24Dimensional Fund Advisors Ltd. : Form 8.3 - BIFFA PLC - Ordinary Shares
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Biffa accepts lower ú1.3bn takeover offer from US private equity firm

09/28/2022 | 01:21am EST

WASTE management firm Biffa has agreed to a £1.3bn takeover deal by a US investor.

The London-listed waste firm said Bears Bidco, a new company run by Energy Capital Partners (ECP), will pay 410p per share for the company.

It comes three months after Biffa told shareholders it was likely to accept a £1.4bn bid from ECP.

Yesterday, Biffa chairman Ken Lever said: "Whilst being lower than the proposal previously announced on 7 June, it is the Biffa board's view that this offer represents a compelling opportunity, particularly in a weakening economic environment, for shareholders to realise, in cash and with certainty, the potential for future value creation."

Biffa said the agreed deal represents a 28 per cent premium on its closing price from 6 June, before the offer was announced.

The move, which will be voted on by shareholders, is expected to complete during the fourth quarter of 2022 or first quarter of next year.

Shares in Biffa closed up 27.7 per cent to 406.2p.

PA

(c) 2022 City A.M., source Newspaper

All news about BIFFA PLC
11/25Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/24Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/24Dimensional Fund Advisors Ltd. : Form 8.3 - BIFFA PLC - Ordinary Shares
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11/23Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/22Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/21Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/21HSBC Bank Plc - Form 8.5 (EPT/RI) - BIFFA PLC
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11/18Samson Rock Capital LLP - Form 8.3 - Biffa PLC
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11/18LONDON MARKET OPEN: FTSE 100 looks to end week on high note
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11/18Biffa CFO Pike resigns after takeover deal, joins DS Smith
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Analyst Recommendations on BIFFA PLC
More recommendations
Financials
Sales 2023 1 512 M 1 827 M 1 827 M
Net income 2023 30,0 M 36,3 M 36,3 M
Net Debt 2023 611 M 738 M 738 M
P/E ratio 2023 39,4x
Yield 2023 1,97%
Capitalization 1 235 M 1 493 M 1 493 M
EV / Sales 2023 1,22x
EV / Sales 2024 1,15x
Nbr of Employees 10 215
Free-Float 97,5%
Chart BIFFA PLC
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Biffa plc Technical Analysis Chart | MarketScreener
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Technical analysis trends BIFFA PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 407,60 GBX
Average target price 412,50 GBX
Spread / Average Target 1,20%
EPS Revisions
Managers and Directors
Michael Robert Mason Topham Chief Executive Officer & Executive Director
Richard Neil Pike Chief Financial Officer & Executive Director
Kenneth Lever Independent Non-Executive Chairman
David Gooding Chief Information Officer
Maxine Mayhew COO-Collections & Specialist Services
Sector and Competitors
1st jan.Capi. (M$)
BIFFA PLC13.70%1 493
WASTE CONNECTIONS, INC.4.33%36 557
GFL ENVIRONMENTAL INC.-19.46%9 890
STERICYCLE, INC.-13.87%4 736
CASELLA WASTE SYSTEMS, INC.-0.29%4 402
CLEANAWAY WASTE MANAGEMENT LIMITED-12.14%4 129