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Fairness Opinion Presentation

 

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Title:

Fairness Opinion Presentation

Entities:

AES Corp.; Banknorth Group, Inc.; Cendant Corp.; Cincinnati Bell Inc.; Enron Corp.; Forrester Research, Inc.; Hovnanian Enterprises Inc.; Infinity Broadcasting Corp.; Integrated Electrical Services, Inc.; IXYS Corp.; Kennametal Inc.; KeySpan Corp.; King Pharmaceuticals Inc.; Lennar Corp.; MasTec Inc.; Metropolitan Life Insurance Co.; Quanta Services Inc.; SCANA Corp.; Security Capital Group Inc.; Signalsoft Corp.; Starbase Corp.; Synovus Financial Corp.; Talarian Corp.; Technical Olympic USA Inc.; VeriSign, Inc.; Vodafone Group plc; Westwood One, Inc.; Xcel Energy Inc.

Date:

2003

Size:

Preview shows 5KB of 68KB total

Price:

$56

ID:

#167053

 

 

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Start of Preview


Lexent Inc.


Summary of Analysis
                   
TRANSACTION VALUATION

Proposed transaction price
          $ 1.50  
Shares outstanding (a)
            42,690  
 
           
 
Equity value
          $ 64,036  
Plus net debt assumed
          $ (79,748 )
 
           
 
Total consideration
          $ (15,712 )
Premium to stock price
            64.8 %
 
Multiples
               
Total consideration/:

 

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