US firm Fenway to acquire 1-800 CONTACTS

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US mid-market firm Fenway Partners has agreed to acquire 1-800 CONTACTS for $24.25 per share, representing a premium of approximately 21 per cent over the 1 June 2007 closing share price of $20.08 and a premium of approximately 34 per cent over the average closing share price during the 30 trading days ending 1 June 2007, according to a statement. The total value of the transaction is approximately $340m.

US mid-market firm Fenway Partners has agreed to acquire 1-800 CONTACTS for $24.25 per share, representing a premium of approximately 21 per cent over the 1 June 2007 closing share price of $20.08 and a premium of approximately 34 per cent over the average closing share price during the 30 trading days ending 1 June 2007, according to a statement. The total value of the transaction is approximately $340m.