| Target: | EFFICIENT NETWORKS INC | SIC Codes: | 3669 0 0 0 0 |
| Country: | USA | Industrial Sectors: | Hardware |
| Activities: | DIGITAL SUBSCRIBER LINE EQUIPMENT/SOLUTIONS | ||
| Bidder: | SIEMENS AG | ||
| Country: | Germany | SIC Codes: | 3600 3500 4800 4840 0 |
| Activities: | ENERGY/IT/COMMUNICATIONS/HEALTHCARE/TRANSPORT/LIGHTING | ||
| Bidding Subsidiary: | MEMPHIS ACQUISITION INC | ||
| Country: | USA | SIC Codes: | 6726 0 0 0 0 |
| Activities: | ACQUISITION VEHICLE | ||
| Date Announced: | 2001/02/22 | Date Completed: | 2001/04/04 |
| Deal Status: | Completed | Deal Type: | Public |
| Deal Attitude: | Friendly | Cross Border: | Yes |
| % Capital Owned: | 6.26 | % Capital Bid For: | 93.74 |
| Competitive Status: | Single bidder | ||
| Regulatory Referral: | No referral | ||
| Consideration Type: | Cash | ||
| Deal Value (m) | Rate to STG 1.440 | Target Financials (m) | Rate to STG 1.440 | ||
| 1) USD | 2) STG | 1) USD | 2) STG | ||
| Ordinary Offer Value | 1394.311 | 968.272 | Sales | 397.486 | 276.032 |
| Other Equity Value | 48.251 | 33.508 | Depreciation/Amortisation | 0 | 0.000 |
| Total Equity Value | 1442.562 | 1001.779 | Operating Profit | 0 | 0.000 |
| Net Debt | -34.001 | -23.612 | NPBT | 0 | 0.000 |
| Minorities | 0 | 0.000 | NPAT | -205.9 | -142.986 |
| Firm Value | 1408.561 | 978.167 | Net Income | -205.9 | -142.986 |
| Shareholders Funds | 987.938 | 686.068 | |||
| Price Ratios | Firm Value Ratios | ||||
| Price/Sales | 3.63 | Firm Value/Sales | 3.54 | ||
| Price/NPAT | 0 | Firm Value/EBITDA | 0 | ||
| Price/Book | 1.46 | Firm Value/EBIT | 0 | ||
| Accounts Source: | SEC FILINGS SC TO-T (2/3/01) & 10Q2 | Reliability: | Audited |
| Deal Value Source: | TARGET SEC FILINGS (SC TO-T 2/3/2001) | Reliability: | Accurate |