date:Jun 05, 2014
5, according to Thomson Reuters data.
The revised $55 bid from Pilgrim's implies a valuation of 14.5 times EBITDA for a total value of $7.7 billion, Bernstein Research analyst Alexia Howard said in a note
Other recently announced food deals with high multiples include flavorings group Symrise AG's (SY1G.DE) $1.8 billion offer for food ingredient maker Diana Group at 14 times EBITDA, and cereal maker Post Holdings Inc's (POST.N) $2.5 billion deal to buy egg producer Michael Foods for around 10