Blackstone unit to pay $1.6 bln for Apria Healthcare

NEW YORK (MarketWatch) — Apria Healthcare Group Inc. said Thursday that it has entered into a definitive merger agreement with an affiliate of The Blackstone Group in a transaction valued at approximately $1.6 billion. Under the terms of the merger agreement, Apria shareholders will receive $21.00 in cash for each outstanding share of common stock they hold, approximately 33% over the closing share price on Wednesday. The transaction will be financed through a combination of
equity contributed by Blackstone and debt financing committed by
affiliates of Bank of America, Wachovia and Barclays Capital.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Thursday, June 19th, 2008 at 5:48 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.