Hints and tips:
...Rentokil: Shares in the UK group were up 14 per cent after annual profits rose by more than half and it said synergies from its purchase of rival Terminix would be greater than forecast....
...“The problem seems to be that in the US, Terminix customers are said to be feeling the cost of living pressures and ordering less,” said Stephen Rawlinson, an analyst at Applied Value....
...As its name suggests, Terminix’s main business line is termite control....
...However, analysts at Peel Hunt think that the “heavy lifting” involved in integrating Terminix’s field operations is only just getting started....
...Pest control giant Rentokil has raised its revenue forecasts, as it squeezes more cost savings from its mega acquisition of rival Terminix....
...The group’s 2021 $6.7bn acquisition of US rival Terminix made it the biggest pest controller in the world....
...The UK company bought Terminix in late 2021 in a $5.4bn deal to push further into the US, the world’s largest pest control market....
...It will take some time to assess the full impact of the Terminix acquisition, which cost Rentokil $6.7bn....
...We have been questioning that status since Rentokil’s hefty £4.5bn acquisition of US group Terminix last year....
...It is also expanding further into America with the acquisition last year of US-based extermination group Terminix for an enterprise value of $5.4bn....
...“This is an exciting next step that significantly advances Terminix’s journey toward becoming a global leader in pest management,” said Terminix chief executive Brett Ponton....
...It is paying $6.7bn in cash and shares for Terminix of the US to become the world leader in the $22bn pest control industry....
...Brett Ponton, chief executive of Terminix, said: “This is an exciting next step that significantly advances Terminix’s journey towards becoming a global leader in pest management.”...
...6af568e587ad Cathie Wood’s Ark: a tech-driven bull market on steroids - with Harriet Agnew https://www.ft.com/content/67289726-85d3-47e2-9f1c-942f5f95d37d Rentokil to buy US extermination specialist Terminix...
...The pest control and cleaning business, which has a market capitalisation of £11.6bn, is buying US group Terminix in a cash-and-shares deal that values the target at $6.7bn....
...Pest controller Rentokil, a UK stock market darling again after decades in the cold, briefly reversed the flow this week with the $6.7bn acquisition of Terminix of the US....
...round-up Goldman and JPMorgan plan bumper bonuses for investment bankers (FT) UK financial regulator rebuked for handling of banks’ mis-selling scandal (FT) Rentokil to buy US extermination specialist Terminix...
...Britain’s Rentokil is buying the US pest group Terminix in a nearly $7bn deal that will make Rentokil the biggest pest control company on the planet....
...A forward rating of 32 times consensus earnings would be too rich for some tastes, but it compares favourably with competitors Rollins and Terminix and we envisage accelerated growth opportunities in the...
...But it has a wider geographical spread than its North American based rivals, which include Rollins, the largest, with $1.4bn revenues in 2014 and Terminix, which had $1.3bn revenues in 2014, according to...
...According to the extermination company Terminix, the most heavily infected city right now is Cincinnati....
...in fundraising G4S targets emerging markets India to construct seven new ports for $7.6 bn to help triple exports China’s manufacturing may contract at slower pace this month US pest control major Terminix...
...* CCB looks to Hong Kong in fundraising * India to construct seven new ports for $7.6 bn to help triple exports * China’s manufacturing may contract at slower pace this month * US pest control major Terminix...
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