Debevoise Reps Clayton Dubilier In $3.2B EMS Deal

Law360 (February 14, 2011, 1:56 PM EST) -- Private equity firm Clayton Dubilier & Rice LLC announced Monday it would pay $3.2 billion to take Emergency Medical Services Corp. private, news of which sent the medical services company's shares tumbling.

Stockholders would get $64 per share, Colorado-based EMS said, adding that the deal would also see the private equity firm pay some $300 million in debt and transaction costs.

New York-based Clayton Dubilier's offer also includes the value of EMS' LP Exchangeable Units, which can be converted to equity. The exchangeable units are held...
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