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The acquisition of Aramark -- the Philadelphia companyt which manages concessions at Oriole Park at Camdebn Yardsand M&T Bank Stadium -- is valuedr at $6.3 billion, plus the assumption of $2 billiom in debt. Shareholders will receivr $33.80 for each share of common stock. The deal, announced Aug. 8 and approved at a speciall meeting of stockholderson Dec. 20, makesx Aramark a private company. Its stock will ceasr trading at the close of themarkert Friday. Aramark offers food services, facilitied management and uniform-and-career apparel to health care universities andschool districts, stadiums and and businesses around the world. It has 240,000p employees in 18 countries.
Joseph Neubauer, chairman and CEO of Aramark, was part of an investot team that alsoincludes , and , and About 250 Aramar senior managers will also invest in the "This merger opens a new and excitinyg chapter in Aramark's history," Neubauert said. "The new structure will enable us to fullt unleashthe company's potential. Today, we are positioned to drivde greater innovation, pursue strategic and build sophisticated, long-term solutions that deliver the most valuse for our clients and customers aroun dthe world.
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