Mediq Gets Buyout Offer From Management: Pennsauken, N.J.-based Mediq Inc., a health care services company, said members of its management offered to buy the company for about $437 million. Two weeks ago, Mediq said it formed a panel to consider selling all or part of the company in response to interest from various groups, including management. The management proposal "specifically encourages the special committee of the board to continue to solicit other acquisition proposals from interested parties," Mediq said. Under the proposal from management to buy all of the company's outstanding common and preferred stock and assume all its debt, stockholders would get $6.87 per share of common and preferred shares of the company. Mediq's stock rose 37.5 cents to $5.75 on the American Stock Exchange.
Times Staff and Wire Reports
Copyright © 2019, Los Angeles Times