TMX - Terminix could see other bids as Rentokil price is 'fair' analyst says

Terminix (NYSE:TMX) has the potential to see other bidders come in with a higher bid after the pest control company agreed to a sale to Rentokil yesterday, according to Jefferies. "So while we think ~19x is a fair price for TMX, we think there is room for other bidders to come over the top for TMX,"  Jefferies analyst Mario Cortellacci wrote in a note. They are likely two logical bidders that could make a better offer for Terminix (TMX),  Cortellacci said. One potential bidder is a private equity company and the other is Anticimex, which is owned by EQT Partners, and has "low single digit" market share in the U.S. "Anticimex has been aggressive on acquisition and valuation in the US as it builds out its platform and is the only player that makes sense as a strategic," according to Cortellacci. Rollins (NYSE:ROL), another pest control company, likely doesn't have interest

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Terminix could see other bids as Rentokil price is 'fair,' analyst says