Brambles has announced the sale of its IFCO business to Triton & Luxinva for US$2.51bn. The proceeds will be used to:-
$300m return of cash through a $0.29 special unfranked dividend and up to $1.65bn on-market buy-back. The balance will go towards reducing debt.
You're not a member! Trial today
Our key concern with BXB is the recent earnings result showed underlying EPS growth of 2% and with the stock trading 22x earnings, it looks expensive.
