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Loop Capital pitches go-private option for Big Lots

Published 08/30/2017, 09:05 AM
© Reuters.  Loop Capital pitches go-private option for Big Lots
BIG
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  • Loop Capital thinks it's time for Big Lots (NYSE:BIG) to consider going private due to the "sizeable" discount that the retailer continues to trade at despite solid comps and margins.
  • "We believe a Big Lots LBO at $60/share would be financeable in the current markets and generate an IRR of 23% - comfortably above the 20%+ returns private equity firms typically target," surmises analyst Anthony Chukumba.
  • Shares of Big Lots closed at $48.13 yesterday.
  • Now read: Big Lots: Solid Growth Retailer Trading At A Low Price


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