Even if the sale went through at just $400mil...net debt would fall to $700mil and EV would be $2.1bn. The EV/EBITDA multiple would be 6.7x excluding ASC and cost cutting.
Even with a 30% rally in the share price, the EV/EBITDA multiple would only be 8.1x excluding ASC and cost cutting.
FYI - a 30% rally implies a $3 share price.
Even if the sale went through at just $400mil...net debt would...
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