If enterprise value=buyout price, would u b happy?
No, of course not. In the case of a company that has net cash (rather than net debt), a buyout price equal to the EV would not only be offering no premium for the business per se, but also no value whatsoever for the net cash on the balance sheet.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”