Chemical Week Magazine :: Business & Finance :: United States/Americas
H.I.G. to acquire American Pacific for $392 million
6:30 AM MST | January 17, 2014 | —Rebecca Coons
American Pacific (Ampac), the parent company of Ampac Fine Chemicals, announced on 10 January that it has agreed to be acquired by private equity firm H.I.G. Capital (Miami) in an all-cash transaction valued at approximately $392.0 million. Under the terms of the merger agreement, affiliates of H.I.G. will commence a tender offer to acquire all of the outstanding shares of Ampac common stock by 24 January at a price of $46.50/share—an 18.9% premium over the closing share price on 9 January and 17.1% over the 60-day volume-weighted average closing share...
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