H.I.G. Capital To Put Up $392M For Specialty Chemical Co.

Law360, New York (January 10, 2014, 4:12 PM EST) -- Specialty chemical manufacturer American Pacific Corp. announced on Friday that is has agreed to be acquired by private equity firm H.I.G. Capital LLC for $392 million in cash.

The deal values American Pacific, or AMPAC, at $46.50 per share, an 18.9 percent premium of Thursday's closing price, according to the companies. H.I.G. said that it will tender its offer on January 24 or earlier. It also said that it will acquire any outstanding shares after that through a second-step merger, at the same cash price per...
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