"The company would have $11 billion in annual revenue, the companies said. It also would have about $16.6 billion in debt. Wells Fargo analyst Bonnie Herzog estimates the combined company would be valued at about $33 billion."
Could someone please explain how on earth that adds up. I'll accept that when corp. valuations involve 10^9, then the usual rules of value might get a bit weird. Perhaps assets include a state or a slack handful of counties.
Could someone please explain how on earth that adds up. I'll accept that when corp. valuations involve 10^9, then the usual rules of value might get a bit weird. Perhaps assets include a state or a slack handful of counties.