Declined at the screening stage
This deal publishes no comparables, on purpose.
Peer set refused: the screen widened to SIC 49xx — major group and not one of the 6 included peers is in the target's industry — target 4953; peers 4911, 4931. Mean shared SIC digits 2.00 of 4. Multiples struck against a different industry are worse than none.
What happened: the peer screen widened its industry search, read the filers that came back, and refused to return a set it could not justify — so no table was ever built, and nothing downstream had a number to round. The verification gate that audits peer sets then passed, because a refused screen leaves it nothing to check. The refusal is the screen’s decision; the gate is the record that it was the right one.
Why it is not an estimate: multiples struck against a different industry land in a plausible band. They would have shipped with a full provenance ledger and a clean gate report, and nothing on the page would have said they were wrong.
Source: U.S. Securities and Exchange Commission, EDGAR. Government-created content on sec.gov and EDGAR public filing content are free to access and reuse.