Bank of America provided color on Kinetic Concepts KCI. In a research report published today, Bank of America commented on rumors the company might be acquired by private equity firms.
In the report, Bank of America states, “Last week, several media outlets reported that KCI is in talks with private equity
firms to be acquired for an equity value of $5bn or roughly $69 per share…
In this note we
provide our detailed LBO analysis, which suggests that private equity can afford
to pay anywhere in the $69-73 range and still expect a 16-20% IRR.”
At the moment, Bank of America does not have a rating or price target placed on the company's stock. On Monday, Kinetic Concepts lost 0.52% of its value to close the day at $64.65.
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