HLTH To Sell Porex To Aurora Capital Affiliates

Law360, New York (September 18, 2009, 1:50 PM EDT) -- HLTH Corp. announced Friday that it had agreed to sell plastic manufacturer Porex Corp. to affiliates of Los Angeles-based private equity firm Aurora Capital Group for $142 million.

The deal is expected to close in the fourth quarter and is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rondino Act, HLTH said in a statement.

The purchase price consists of $74.5 million in cash payable at closing, and $67.5 million in senior secured debt that will accrue interest...
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