Encore Medical Corp. will go private in a newly-inked $870 million merger deal with a company controlled by Blackstone Capital Partners V LP. In the buyout, Encore's stockholders will get $6.55 in cash for each share of Encore common stock they hold — a 36 percent premium on Encore's Nasdaq closing price of $4.81 on Friday. On Monday morning, Encore's shares were trading for $6.28.
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ENCORE MEDICAL TO GO PRIVATE WITH $870M DEAL
July 6, 2006
