Betaville Intelligence

UNCOOKED ALERT: AA plc said to ...

Friday, 31 July 2020, 3:32 pm

AA plc, the London-listed roadside recovery company, has come under the spotlight amid takeover talk.

People following the situation said a potential acquirer is circling AA and may have already expressed an interest in the business.

Readers should be aware that the AA is a highly leveraged company with a very small capitalisation.

Other people following the situation said last year the AA was advised by bankers at Evercore and could now be working with JP Morgan on "strategic options", which is banker parlance for a sale...

Register

Register for free to see rest of this article and all public articles from Betaville

Login / Register
Tags: AA

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

Post Comment