Although Chocoladenfabriken Lindt & Sprüngli AG has yet to reveal the price it paid for Russell Stover Candies Inc., the company announced placements of about $1.05 billion in bonds soon after completing the transaction.
During the sale process, The Wall Street Journal reported that suitors valued Russell Stover at over $1 billion. That is a high premium considering that Russell Stover has estimated earnings before interest, taxes, depreciation and amortization (EBITDA) of about $90 million. Russell…
Although Chocoladenfabriken Lindt & Sprüngli AG has yet to reveal the price it paid for Russell Stover Candies Inc., the company announced placements of about $1.05 billion in bonds soon after completing the transaction.
During the sale process, The Wall Street Journal reported that suitors valued Russell Stover at over $1 billion. That is a high premium considering that Russell Stover has estimated earnings before interest, taxes, depreciation and amortization (EBITDA) of about $90 million. Russell…