American Dental Partners Inc ADPI agreed to be bought by private-equity firm JLL Partners Inc for $19 per share in cash.
The deal is valued at around $398 million, including $81 million in outstanding debt. The transaction price represents an 83% premium to ADPI's closing price of $10.38 on Friday.
ADPI shares jumped 28.32% to $13.32 in pre-market trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in