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Filing Flows › Cooper-Standard Holdings (CPS) › Takeover & LBO

Is Cooper-Standard Holdings (CPS) a takeover target?

A leveraged buyout at today's price plus 30% ($26.09 a share) would return about 3% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $3.06 a share (−85% against today's $20.07). It already carries 7.3× EBITDA in net debt (the model flags anything over 6×), so a buyer could add little debt of its own.

Share price$20.07
Offer at +30%$26.09
Buyer's IRR3%
Most for 20%$3.06
EV / EBITDA9.7×
Buyout debt5.5× EBITDA

The buyout, step by step

EntryAmountHow
Offer price a share$26.09today's $20.07 plus 30%
× shares18.1 million
= Equity value$471M
+ Debt refinanced$1.1B
− Cash$112M
+ Other claims−$8.9Mpreferred stock, minority interests
= Enterprise value$1.5B10.5× EBITDA of $142M
Fees$29.9M2% of the price
New debt$783M5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA
Buyer's own money$743M49% of the cost

5 years under the buyer

Cooper-Standard Holdings: buyout debt left, year by yearCooper-Standard Holdings: buyout debt left, year by year$783MEntry$770MYear 1$756MYear 2$738MYear 3$719MYear 4$696MYear 5
Free cash flow after interest and tax repays the debt; a shortfall is borrowed.
YearRevenueEBITDAInterestFree cash flowDebt left
Year 1$2.8B$145M$59.9M$12.5M$770M
Year 2$2.9B$149M$58.9M$14.6M$756M
Year 3$3.0B$153M$57.8M$17.0M$738M
Year 4$3.1B$157M$56.5M$19.8M$719M
Year 5$3.2B$162M$55.0M$23.0M$696M

The exit and the buyer's return

ExitAmount
Exit multiple9.7× EBITDAtoday's trading multiple, before any premium
Enterprise value at exit$1.6B
− Debt left$696M
= Buyer's equity$881M
Money multiple1.18×on $743M put in
Buyer's yearly return (IRR)3.5%

Price against return

What the buyer makes at other premiums over today's $20.07; the IRR reaches 20% at $3.06 a share.

PremiumPrice a shareBuyer's IRR
10%$22.085.6%
20%$24.084.5%
30%$26.093.5%
40%$28.102.5%
50%$30.111.5%

The figures used

FigureAmount
Revenue, last 12 months$2.8B
EBITDA, last 12 months$142M5.1% of revenue
Depreciation and amortization$94.4M
Capital spending$65.5M
Debt$1.1B
Cash$112M
Share price$20.07on Oct 30, 2026

Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 2.2% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 21% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.

What a takeover could cost

Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Cooper-Standard Holdings would cost about $26.59 a share, $480M for all its shares.

Premium%Price a shareAll shares
Low end (a quarter of deals paid less)20%$24.08$435M
Median32.5%$26.59$480M
High end (a quarter paid more)51.8%$30.47$550M

Cooper-Standard Holdings' latest quarter

Cooper-Standard Holdings, Q3 2026: revenue $709M (+2% year over year), operating margin 1.5%, net loss $20.9M, operating cash flow $5.2M. The chart follows the revenue to costs, profit and cash.

Questions

Is Cooper-Standard Holdings being acquired?

No headline, 8-K or 13D about a sale is on file in the last year.

Could private equity buy Cooper-Standard Holdings?

A leveraged buyout at today's price plus 30% ($26.09 a share) would return about 3% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $3.06 a share (−85% against today's $20.07). It already carries 7.3× EBITDA in net debt (the model flags anything over 6×), so a buyer could add little debt of its own.

What would a takeover of Cooper-Standard Holdings cost?

Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Cooper-Standard Holdings would cost about $26.59 a share, $480M for all its shares.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.