Aramark, the company that handles the food concessions at 14 different major league stadiums (and a lot of prisons too), is seeing its stock soar on the reports that its CEO, Joseph Neubauer, is attempting a leveraged buyout of the company. Aramark is presently valued at $5.94 billion and the buyout group is arranging around $6.25 billion in debt financing.
Apparently Aramark is trying to control the sale of stock by making everyone stand in a really long line to get it.
"You want 3,000 shares. Hmmm.. OK, that's [fiddles with register] $99,000. Out of $100,000? Hold on. Do you want toppings on that? Bonds and debentures are to the right."
33.90 on Monday
It's at 33.63 presently.
"You want 3,000 shares. Hmmm.. OK, that's [fiddles with register] $99,000. Out of $100,000? Hold on. Do you want toppings on that? Bonds and debentures are to the right."
They do everything from high-end catering to prison food:
http://tinyurl.com/ndter
We used to joke about how we were on the Prison Plan.
Comment status: comments have been closed. Baseball Toaster is now out of business.