...but ultimately no bearing on its market capitalization.
Xing wasn't selling their business but rather a fractional interest in their business. Dan Carney is in his 80's and looking to get out. Any new buyer was buying his fractional interest and the LeBon boys came with the deal.
Fractional ownership interests often result when partners (i.e., business or family partners) acquire / create a business without (1) the use of a holding company entity structure or (2) the transfer of the property between business partners / family members.
By their very nature, fractional ownership interests typically suffer from the following valuation influences:
1. a lack of marketability 2. a lack of ownership control
Which creates a significant discount in valuation.
I suspect this was a huge component in inbev's original assent, growing by acquisition to world domination. Hopefully, this is part deux.
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