Aramark to go private if investors OK buyout bid
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From the Associated Press
Aramark Corp., the nation’s largest food service company, will go private for the second time in 22 years if shareholders vote, as expected, for a $6.3-billion leveraged buyout bid today.
It would also be the second time longtime Chief Executive Joseph Neubauer led an investment group to take Aramark private. The first was in 1984, to thwart a hostile takeover from corporate raiders.
Shares of Philadelphia-based Aramark fell 1 cent to $33.35.
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