date:Sep 28, 2012
ada for 420m) that had given it instant market leadership in that space had come at EBITDA earnings-price ratios of 7.3 for Martek and 9 for ONC. Its recent animal nutrition buy Tortuga had a ratio of 7.8.
By the companys own evaluation equations which take account of integration synergies, long term earnings projections and other factors, Martek was worth 1.4bn, ONC 850m.
Bolstering botanicals?
Board member Stephan Tanda emphasised that the company remained true to its cautious Dutch inves