SUZBY - Suzano: Pulp Giant Selling For 6x EV/EBITDA
(All Numbers BRL unless otherwise stated. Current forex is 3.33 BRL per USD. $ and USD indicates dollars.)
On the 16th of February 2018, the acquisition of Fibria (FBR) was announced. The acquirer, Suzano (SUZBY), is the second largest-operator in Brazil. The total acquisition price was originally 36 billion, but is currently hovering at around 38.5 billion. 29 billion are paid in cash while the rest is Suzano stock. The deal specifics are covered in my article "Fibria: No Longer A Bidding War, Merger Arbitrage Edition".
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