Pamplona Capital To Buy Medassets In $2.7b Cash Deal

Private equity fund manager Pamplona Capital Management plans to buy MedAssets in a cash deal valued at about $2.7 billion. The companies say Pamplona will pay $31.35 for each MedAssets share, an offer that represents a 32 percent premium to the $23.68 closing price on Friday of MedAssets shares. MedAssets shares soared almost 31 percent in premarket trading Monday. Alpharetta, Georgia-based MedAssets Inc.Read more on NewsOK.com

 

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