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Food services firm Aramark to buy Avendra, AmeriPride in $2.35-bn deal

Aramark said it would pay Avendra $1.35 billion, or $1.05 billion in net purchase price after adjusting for anticipated relax

Reuters 

Food services firm Aramark to buy Avendra, AmeriPride in $2.35-bn deal

Food services company said on Monday it would buy Avendra, majority owned by Inc, and uniform and linen supplier for a total of $2.35 billion, before said it would pay $1.35 billion, or $1.05 billion in net purchase price after adjusting for anticipated

AmeriPride's purchase price of $1 billion came in at $850 million after adjusting for anticipated tax benefits, said. Separately, Marriott, which owns a 55 per cent stake in Avendra, said it would receive about $650 million from the sale. also added it expected synergies of about $40 million from the purchase of and about $70 million from AmeriPride.

First Published: Tue, October 17 2017. 02:44 IST
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