Court approval puts Atrium buyout on course for February close
The buyout of natural health products manufacturer Atrium Innovations Inc (TSX: ATB & ATB.DB) by an investor group led by European private equity firm Permira Funds for approximately $751.2 million has received approval from the Superior Court of Québec. The legal sanction, which follows the deal's approval by Atrium investors on January 21, suggests that the acquisition should be finalized by Feb. 2014. The Fonds de solidarité des travailleurs du Québec FTQ and Caisse de dépôt et placement du Québec, who collectively hold about 25 percent of the Québec City-based Atrium, previously indicated their support for the buyout.
27 January 2014•4 mins read
