Flamingo Merger Sub Launches Tender Offer For American Pacific Shares

(RTTNews) - H.I.G. Capital, LLC said Friday that Flamingo Merger Sub Corp. has commenced a cash tender offer to acquire any and all of the outstanding shares of American Pacific Corp.'s (APFC) common stock pursuant to the merger agreement announced on January 10.

Upon the successful completion of the tender offer, American Pacific stockholders who tendered their shares in the tender offer will receive $46.50 per share, in cash, payable without interest and less any applicable withholding taxes.

Flamingo Merger Sub Corp. and its parent company, Flamingo Parent Corp., are affiliates of H.I.G.

The company's board of directors has unanimously approved the terms of the merger agreement.

The tender offer is scheduled to expire at midnight, New York City time, on February 24, unless the offer is extended or earlier terminated.