Insight Taking Flanders Private for $192M
March 21, 2012
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March 21, 2012
Insight Equity has agreed to acquire air filtration product manufacturer Flanders (NASDAQ: FLDR) in a transaction valued at approximately $192 million. Under the terms of the agreement, company shareholders will receive $4.40 per share in cash. PNC Bank will provide a senior revolving credit facility, and FS Investment will provide unitranche and mezzanine debt financing as well as equity financing in support of the transaction.
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