Filed under: Deals, The Blackstone Group, Blackstone Group L.P (BX)

Apria Healthcare (NYSE: AHG), a home healthcare services firm, concurred to be acquired by an affiliate of Blackstone Group (NYSE: BX) for approximately $1.6 billion. AHG share holders will receive $21 in cash for each share they own.

AHG closed at $15.82. AHG July option implied volatility of 46 is near its 26-week average according to Track Data, suggesting non-directional risk.

Buyout Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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This entry was posted on Tuesday, July 1st, 2008 at 5:13 am and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.