Investor group to buy Atrium Innovations in $751.2 mln deal - Reuters

Atrium Innovations Inc said a group of investors, including European private equity firm Permira Funds, would buy the dietary supplements maker for about C$751.2 million, reports Reuters. Atrium shareholders will receive C$24 in cash per share, a nearly 23 percent premium to the stock's Thursday close on the Toronto Stock Exchange. Permira Funds will own 75 percent of the company after deal close. The total enterprise value of the deal, including debt, is about C$1.1 billion. Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec, who collectively hold about 25 percent of the company, have agreed to vote in favor of the deal, Atrium said.

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