Access Plans, Inc. (APNC) to be Acquired by Aon Affinity for $70M
Access Plans, a leading membership benefits marketing company with customers in the United States and Canada, today announced it will be acquired by Aon Affinity, a unit of global risk management business, Aon Corporation. Per the agreement, Aon Affinity will acquire all Access Plans outstanding shares and options to acquire the company’s common stock for cash consideration of approximately $70.1 million, subject to adjustment for various necessary and closing expenses; assuming a net cash amount of $15.0 million, the per share cash consideration is approximately $3.30. Access Plans is a membership plan provider in the specialty rent-to-own market space. The…