CWY, share price $2.15
Market cap: $4.5b
net debt: $650m
EV/EBITDA (factored 9% growth): 10
Net tangible asset: 10c/share
BIN, share price $1.54
Market cap (post acquisition): $1b
net debt: $205m
EV/EBITDA (assume no growth): 7.5
Net tangible asset: $1/share