Piper Jaffray is out with its report today on Animal Health Int'l AHII, maintaining Overweight after AHII announced that it will be acquired by Lextron.
In a note to clients, Piper Jaffray writes, "AHII announced on Monday morning that the company would merge with privately held Lextron in a deal backed by investment funds affiliated with private equity firm Leonard Green & Partners. The all cash offer price of $4.25/share represents a premium of approximately 11% over last Friday's closing price and implies an enterprise value of $251 MM ($111 MM in equity). We have an Overweight rating on shares of AHII."
Shares of AHII closed Monday at $4.19.
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