Waters ($WAT) will supplement its Dec 23, 2025 proxy after two NY shareholder lawsuits (Ryan Carroll…
Filed with the SEC on · Summarized by InvestorsBot
Waters ($WAT) will supplement its Dec 23, 2025 proxy after two NY shareholder lawsuits (Ryan Carroll No.650159/2026; Joseph Clark No.650180/2026) and related demand letters alleging disclosure omissions. Special meeting set for Jan 27, 2026. Board unanimously recommends FOR. 🧾⚖️ #M&A #proxy
Barclays DCF in Waters’ supplement implies Waters equity value $20.9B–$24.7B (per share $348.11–$410.57 as of Jul 11, 2025). BDS Business EV: $16.8B–$19.7B standalone; $19.6B–$23.1B with expected synergies. Broker targets $350–$460 (median ~$375). $WAT 📊 #valuation #M&A
Waters added multi‑year projections and FCF tables: standalone unlevered FCF ~ $772M (2025E) → ~$1.608B (2034E); Waters NTM Adj. EBITDA est. ~ $2.3B (2034); BDS NTM Adj. EBITDA est. ~ $1.8B. Company says supplements are voluntary, not an admission. $WAT 🔍 #finance #SEC8K