Air Methods to be acquired by American Securities

Posted on March 14, 2017; Air Methods Press Release
Air Methods Corporation, a global leader in air medical transportation and air tourism, on March 14 announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC. Under the terms of the agreement, affiliates of American Securities will acquire all outstanding shares of Air Methods for $43.00 per share in cash. This represents a 20.4 percent premium to Air Methods’ stock price of $35.70 on Jan. 31, 2017, prior to press speculation regarding a sale, and a 24.7 percent premium to 30-day volume-weighted average price of $34.49 as of the same date. The transaction, which was unanimously approved by Air Methods’ board of directors, has a total enterprise value of approximately $2.5 billion, including net debt.

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