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February 27, 2014
08:42 EDTAPFCH.I.G. Capital completes cash tender offer for American Pacific shares
American Pacific and H.I.G. Capital announced the completion of the tender offer by Flamingo Merger Sub Corp., a wholly owned subsidiary of Flamingo Parent Corp. and an affiliate of H.I.G., for any and all of the outstanding shares of common stock of AMPAC at a price of $46.50 per Share. The shares validly tendered and not properly withdrawn represented approximately 68.1% of AMPAC's outstanding Shares. Merger Sub is promptly paying for all such shares. Merger Sub has acquired a sufficient number of shares to close the merger of Merger Sub with and into AMPAC without the affirmative vote of AMPAC's stockholders. Upon completion of the merger, AMPAC will become a wholly owned portfolio company of H.I.G. Each share that was not validly tendered in the Offer will be converted automatically into the right to receive the same $46.50 per Share in cash, without interest, that is being paid in the Offer. The shares will cease to be traded on NASDAQ at the close of market on February 27, following completion of the merger.
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