0911 GMT - Mobico investors' attention has focused on the low disposal value of it North America school-bus business and the resulting limited initial scope of develerage, Jefferies analysts say in a note. The transaction has an enterprise value of $608 million, compared with Jefferies' expectations of a $650 million to $1.57 billion range. The share price has fallen around 45% since the announcement and the trading update offers little respite on deleverage concerns as the company now aims to keep its debt at a level that is 1.5 to 2.0 times its Ebitda "over time" versus a previous "by 2027." Shares are down 0.8% at 33.30 pence and are down 58% in the year to date. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
April 29, 2025 05:11 ET (09:11 GMT)
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