Plastic parts maker Summa Industries said it wants to sell itself, and two analysts think the company could command a high premium. Summa could sell to either a financial or a strategic buyer, said analysts Tracy Marshbanks and Allan Cohen of First Analysis Securities, and could command a takeout price of more than $20 per share, if the buyer pays seven times EBITDA. The analysts could not be reached for further comment as to who might bid on Summa.
To read the entire story, you must be logged in.
Please log in now or register with us.
