ALPS Barron`s 400 ETF
The transaction value of the deal between Apollo and The Fresh Market stands at $1,334 million. Apollo is paying 7.9x the EBITDA.
Apollo Global Management (APO) announced today, March 14, 2016, that it has entered into a definitive agreement to acquire The Fresh Market (TFM).
Following weak fiscal 3Q16 results, the Fresh Market revised its annual revenue growth target to 5.5%–6.5% for fiscal 2016 as compared to the earlier guidance of 7% growth.
The Fresh Market’s sales comps fell by 3.7% in fiscal 3Q16 and are predicted to stay between -2.6% and -2%, per the company’s guidance for fiscal 2016.
The Kroger Company (KR) might be seeking to acquire The Fresh Market (TFM). The Fresh Market’s (TFM) stock rose ~22% on Thursday, February 11, 2016, after the news of Kroger’s bidding hit the market.
CalAmp (CAMP) has outperformed its peers based on PE and PS. It has outperformed its ETFs based on price movement and PBV.