Offer For American Pacific Extended To February 26 - Quick Facts

(RTTNews) - Specialty chemicals firm American Pacific Corp. (APFC) or AMPAC and H.I.G. Capital, LLC Monday said Flamingo Merger Sub Corp. and AMPAC have agreed to extend the expiration of the tender offer to acquire all outstanding shares of AMPAC to February 26. Flamingo Merger Sub Corp is an affiliate of H.I.G.

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.

The tender offer is being extended to permit the expiration of the marketing period contemplated by the merger agreement. It was previously scheduled to expire on February 24.

As of the close of business on February 24, around 5.7 million shares or 67.2 percent of outstanding shares had been validly tendered, which is sufficient to satisfy the minimum tender condition contemplated by the merger agreement.