Casa have declining revenues and profit. NTC have increasing revenues and will eventually have step change in profit and revenue. Yet, the deal is EPS accretive for Casa! How is the growth company being bought out at a 'premium' when the TO price is cheaper on EPS basis than a company in the same industry which has slowing revenue?
As I wrote before, it doesn't pass the pub sniff test.
Ann: Casa Systems and NetComm Recommended Transaction, page-102
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