SMED - Aurora Capital Partners affiliate to acquire Sharps Compliance for $8.75 per share

• An affiliate of the middle-market private equity firm Aurora Capital Partners is set to acquire all of the issued and outstanding shares of waste management solutions company Sharps Compliance ( NASDAQ: SMED ) for $8.75 per share all-cash tender offer.
• SMED has entered into a definitive merger agreement with Aurora, and the transaction has been unanimously approved by the Sharps board.
• The offer price represents a premium of ~207% over Sharps' Jul. 11 closing share price.
• After the completion of the tender offer, Aurora will acquire all remaining shares not tendered through a second-step merger at the same price.
• The transaction, subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions, is expected to close in Q3.
• Raymond James & Associates, Inc. served as financial advisor and Norton Rose Fulbright US LLP was a legal advisor to Sharps.
• Source: Press Release

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