Hints and tips:
...ServiceMaster bought two pest control companies just last month. Margins have broadly drifted lower, based on earnings before interest and tax since 2014....
...pest control company....
...The stock is at a significant discount to both its history (Rentokil traded on over 30x 1y fwd earnings after its recent full-year results) as well as to US peers Rollins and Servicemaster (on 37x and 24x...
...This includes mattress manufacturer Serta Simmons, home cleaner and pest control group ServiceMaster, and Crestwood Holdings, a controlling stakeholder in a natural gas and crude oil pipeline operator....
...Lee and the company renegotiated the deal to $36 a share, or $17.9bn, 8 per cent below the original price....
...The company was also forced to postpone a $1.15bn high-yield bond offering because of choppy market conditions....
...The company has also had to increase the interest rate on loans being offered to investors as part of a package to finance a $5bn LBO by a consortium led by Clayton, Dubilier & Rice....
...The company has also had to increase the interest rate on loans that are being offered to investors as part of a package to finance a $5bn leveraged buy-out by a consortium led by Clayton, Dubilier & Rice...
...Mr Ballbach was previously president of Valspar, a speciality chemicals company...
...Clayton Dubilier & Rice, the private equity group, agreed to buy ServiceMaster, the support services company, for about $5.5bn, including debt....
...Parts of the financing packages for retailer Dollar General and ServiceMaster, the outsourcing group, were also heading for pricing below par, Mr Donnelly said....
...That now appears to be changing – with another Pik offering, for ServiceMaster, being slashed in size on Wednesday – although Mr Fridson notes there are still some Pik deals being marketed....
...That fact was underlined by the recent buy-out of Servicemaster, a US version of Rentokil, by Clayton, Dubilier & Rice, in a deal worth $4.7bn (£2.4bn)....
...He spent the last five years at The ServiceMaster Company where he was chief executive and later chairman....
...Clayton Dubilier & Rice agreed to take over ServiceMaster, a US lawncare specialist, for $4.5bn (£2.3bn, €3.4bn)....
...He became chief executive of in 1983 and led another management buy-out a year later to fend off a hostile take-over bid for the company, then known as ARA for the company, then known as ARA Services....
International Edition