American Securities Affiliates To Acquire Air Methods - Quick Facts

(RTTNews) - Air Methods Corp. (AIRM) announced a definitive agreement, under which, affiliates of American Securities LLC will acquire all outstanding shares of Air Methods for $43.00 per share in cash. The deal has a total enterprise value of approximately $2.5 billion, including net debt.

The transaction will be completed through a cash tender offer for all of the outstanding common shares of Air Methods, followed by a merger. Air Methods' Board recommended that the company's shareholders tender their shares in the offer. The transaction is expected to close by the end of the second calendar quarter of 2017.

"This agreement will deliver certain and immediate cash value and a compelling premium to our stock price prior to press speculation for our shareholders," said David Kikumoto, Air Methods' Chairman of the Board.

The transaction is conditioned upon satisfaction of the minimum tender condition, which requires that shares representing more than 50% of the Air Methods' outstanding common shares be tendered.