Date:	--/--/-- --:--:--
Event Id:	E5D885MWS
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	CA:AND
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	55
Price Per Share Currency:	CAD
News References:	https://andlauerhealthcare.com/andlauer-healthcare-group-to-be-acquired-by-ups/

Action Notes

Andlauer Healthcare Group Inc today announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with affiliates of UPS (NYSE: UPS) (collectively, "UPS") under which UPS has agreed to acquire AHG via an all-cash transaction that values AHG at an equity value of approximately C$2.2 billion (US$1.6 billion) (the "Transaction"). All of the issued and outstanding multiple voting shares (the "Multiple Voting Shares") and subordinate voting shares (the "Subordinate Voting Shares", and with the Multiple Voting Shares, the "Shares") of the Company will be acquired for C$55.00 per Share in cash (the "Consideration"), which represents a 31.1% premium to the last closing price prior to the announcement of the Transaction and a premium of 38.4% to the 30-day volume-weighted average trading price on the Toronto Stock Exchange (the "TSX") on April 23, 2025, the last trading day prior to the announcement of the Transaction. The Transaction is supported by Michael Andlauer, Chief Executive Officer of AHG and the indirect holder of 53.2% of AHG's outstanding Shares and 82.0% of the votes entitled to be cast to approve the Transaction.The Special Meeting is expected to be held in June 2025. Subject to the satisfaction of such conditions, the Transaction is expected to be completed in the second half of 2025.