Ezra: MergerMarket yesterday said Ezra could be working on a $200 CB cum equity combo with Credit Suisse to fund this year's obligations. They also said that to get the deal done would be tough given its already depressed share price, and the deal would cause significant dilution. MergerMarket suggested this was "Strong Evidence" based on their "proprietary intelligence"
The group currently trades at 0.21x P/B, perhaps a reflection of investor concerns about the group’s business outlook.
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