Free Trial

BASIC INDUSTRIES: Givaudan (Baa1[N]/A-[N]/NR): M&A Interest

BASIC INDUSTRIES
  • CEO Andrier comments on potential interest in pet food ingredients targets, Bloomberg reports.
  • Pet food is an attractive market with strong growth expectations, although finding targets may be challenging.
  • While such an acquisition would be unlikely to be transformational, high multiples are likely for growth assets and may pressure metrics somewhat with outlook already negative from both agencies.
  • GIVNVX spreads sit at tighter than average levels vs DSFIR (chart).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.