American Dental Partners/JLL Partners
On November 7, 2011, American Dental Partners, Inc. (Nasdaq: ADPI) entered into a definitive agreement to be acquired private equity firm JLL Partners, Inc. for $19 per share, or an 83 percent premium to Friday's close. The transaction is valued at approximately $398 million, including $81 million in currently outstanding debt.
Under the terms of the merger agreement, the Company may solicit acquisition proposals from third parties for a period of 40 calendar days from the date of the merger agreement. If there is not a superior offer, the transaction is expected to close during Q112.
BofA Merrill Lynch is acting as financial advisor to the Company and Baker & Hostetler, LLP is acting as legal advisor to the Company.
Under the terms of the merger agreement, the Company may solicit acquisition proposals from third parties for a period of 40 calendar days from the date of the merger agreement. If there is not a superior offer, the transaction is expected to close during Q112.
BofA Merrill Lynch is acting as financial advisor to the Company and Baker & Hostetler, LLP is acting as legal advisor to the Company.
