Remember the good ole’ days, when PE firms would agree to buy a company for $30 per share, and then it would trade around $35 per share? Visions of activist shareholders dancing in daytrader heads…
Well that time is gone, judging by the spreads on pending “take-private” transactions. Thomson Financial has provided a list of 26 such deals with private equity sponsors, and not one is trading above its sale price as of yesterday’s market close.
