Aramark Gets Taken Out

The deal is worth $8.3 billion, including $2 billion of debt.
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Aramark

(RMK)

, a provider of food services and facility management for businesses, is going private through an $8.3 billion buyout from a group that includes its Chairman and Chief Executive Joseph Neubauer.

GS Capital Partners, CCMP Capital Advisors, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus are also part of the takeover. The total transaction value includes the assumption or repayment of roughly $2 billion of debt, Aramark said Tuesday.

The group will pay $33.80 for each Aramark share, a slight premium to the stock's $33.05 closing price Monday. Aramark, the latest in a string of public companies to be taken out through private-equity deals recently, has traded between $24.35 and $34.95 in the past year. The stock slipped 30 cents to $32.75 in premarket trading.

Aramark said the acquisition should be completed late this year or early in 2007.

On Wednesday, Aramark is expected to post its fiscal third-quarter earnings. Wall Street is looking for a profit of 36 cents a share, according to Thomson First Call.