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Is Seaport Entertainment Group (SEG) a takeover target?

A leveraged buyout does not work for Seaport Entertainment Group on its latest figures: it has no positive EBITDA to borrow against (−$53.9M over the last 12 months, on revenue of $109M). Historically 7.8% of companies with its figures were bought within a year (1.56× the average). Latest signal (2026-11-05): SEAPORT ENTERTAINMENT GROUP REPORTS THIRD QUARTER 2026 RESULTS.

Share price$21.48
Market value$275M
Enterprise value$195M
Cash$118M
Debt$37.3M
Revenue, 12 months$109M
Revenue growth-12%
EBITDA, 12 months−$53.9M

Why a leveraged buyout does not fit

A leveraged buyout is paid for mostly with debt that the company's own cash flow repays. Seaport Entertainment Group's EBITDA over the last 12 months was −$53.9M on revenue of $109M, so there is nothing to lend against and nothing to repay a loan with: a buyer would have to pay almost entirely with its own money. That is the kind of deal another company — a strategic buyer that wants the products, the pipeline or the technology — makes, not a private-equity fund. The model therefore gives no buyout price.

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, Seaport Entertainment Group would cost about $28.46 a share, $365M for all its shares.

Premium%Price a shareAll shares
Low end (a quarter of deals paid less)20%$25.78$330M
Median32.5%$28.46$365M
High end (a quarter paid more)51.8%$32.61$418M

The odds, from history

Historically 7.8% of companies with its figures were bought within a year (1.56× the average). Its figures put it in decile 10 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.

Rumors and deal signals

Seaport Entertainment Group's latest quarter

Seaport Entertainment Group, Q3 2026: revenue $32.7M (-27% year over year), operating margin -28.2%, net loss $8.0M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.

Questions

Is Seaport Entertainment Group being acquired?

The latest signal on file is from 2026-11-05: SEAPORT ENTERTAINMENT GROUP REPORTS THIRD QUARTER 2026 RESULTS. A headline is not a deal; Filing Flows lists the news, 8-K filings and 13D filings about a sale.

Could private equity buy Seaport Entertainment Group?

A leveraged buyout does not work for Seaport Entertainment Group on its latest figures: it has no positive EBITDA to borrow against (−$53.9M over the last 12 months, on revenue of $109M). With no cash flow to repay a loan, a buyer would pay almost entirely with its own money: a deal for another company (a strategic buyer), not for a private-equity fund.

What would a takeover of Seaport Entertainment Group 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, Seaport Entertainment Group would cost about $28.46 a share, $365M for all its shares.

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