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BRIEF-Aramark to buy Avendra and AmeriPride in deals totaling $2.35 bln
October 16, 2017 / 4:51 AM / a month ago

BRIEF-Aramark to buy Avendra and AmeriPride in deals totaling $2.35 bln

Oct 16 (Reuters) - Aramark

* Announces two strategic and transformative acquisitions

* Says ‍ entered into a definitive agreement under which Aramark will acquire Avendra for a purchase price of $1.35 billion​

* Says ‍will acquire AmeriPride for a purchase price of $1.0 billion​

* Says ‍anticipates annual cost synergies of approximately $70 million from AmeriPride deal​

* Says ‍will finance transactions through issuance of new debt, and has received fully committed financing​

* Says ‍anticipates annual procurement cost synergies of approximately $40 million from Avendra deal​

* Says ‍board of directors of Aramark has unanimously approved both transactions​ Source text for Eikon: Further company coverage:

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