Matrixx Initiatives/H.I.G. Capital
On December 14, 2010, Matrixx Initiatives, Inc. (Nasdaq: MTXX) announced that they have entered into a definitive merger agreement to be acquired by H.I.G. Capital for $8.00 per share, or $75.2 million total consideration.
H.I.G. will conduct a tender offer to acquire the shares.
Matrixx Initiatives may solicit acquisition proposals from third parties for a period from execution of the merger agreement until 11:59 p.m. on January 22, 2011.
Sawaya Segalas & Co., LLC is acting as financial advisor to Matrixx. Sullivan & Cromwell LLP and Snell & Wilmer LLP are acting as legal counsel to Matrixx.
Kirkland & Ellis LLP is acting as legal counsel to H.I.G.
No closing date has been set for the acquisition.
H.I.G. will conduct a tender offer to acquire the shares.
Matrixx Initiatives may solicit acquisition proposals from third parties for a period from execution of the merger agreement until 11:59 p.m. on January 22, 2011.
Sawaya Segalas & Co., LLC is acting as financial advisor to Matrixx. Sullivan & Cromwell LLP and Snell & Wilmer LLP are acting as legal counsel to Matrixx.
Kirkland & Ellis LLP is acting as legal counsel to H.I.G.
No closing date has been set for the acquisition.
