Today’s issue of WorkCompRecap features the recent announcement from ExamWorks that it has entered into an agreement to be acquired by an affiliate of private equity firm Leonard Green & Partners, L.P.
The sale was made for $35.05 per share in cash, representing a total transaction value of approximately $2.2 billion, and a 22% premium to the 90 day volume weighted average closing price of ExamWorks shares as of Tuesday. The merger is subject to approval from ExamWorks shareholders and other customary closing conditions, and is currently expected to close in the third quarter of 2016.
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Today is Workers’ Memorial Day. “Remember the dead, and fight like hell for the living!”