Baker Botts Aids Ascent In $1.2B Monitronics Deal

Law360, New York (December 20, 2010, 2:04 PM EST) -- Aiming to branch out of its media content provider niche, Ascent Media Corp. has agreed to acquire security monitoring company Monitronics International Inc. from private equity firm ARBY Partners in a deal valued at approximately $1.2 billion.

Ascent announced Friday that it would pay approximately $413 million in cash as part of the transaction, which will include Ascent's cash on hand as well as a portion of a new $175 million credit facility that the Englewood, Colo.-based company recently established.

The purchase price was exclusive of...
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