American HomePatient (AHOM.OB) Inks Agreement to Move toward Possible Private Holding and Reincorporation
American HomePatient Inc., one of the nation’s largest home health care providers, has secured an agreement with its senior debt holders and its largest stockholder, an investment fund managed by Highland Capital Management, to move toward private holding, followed by restructuring of American HomePatient’s senior debt. Per the agreement, the company will seek shareholder approval to reincorporate in Nevada and commence a tender offer to acquire all outstanding shares of stock not held by Highland managed accounts for $0.67 per share. Upon completion of this transaction, American HomePatient stock will no longer be publicly traded. “We are pleased to have…