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Bulletin: American Medical Systems Inc. To Be Acquired By Endo Pharmaceuticals Holdings Inc. Apr 11
Standard & Poors, April 2011
Abstract
NEW YORK (Standard & Poor's) April 11, 2011-Standard & Poor's Ratings Services said today that Endo Pharmaceuticals Holdings Inc.'s announcement that is acquiring Minnetonka, Minn.-based American Medical Systems Inc. (AMS; BB+/Stable/--) does not affect the rating on AMS. Earlier today, Endo announced that it will acquire AMS for approximately $2.9 billion, including the assumption and repayment of $312 million of AMS debt. At the close of the transaction, we will withdraw our corporate credit and issue-level ratings on AMS, including the revolving credit facility ('BBB' with a recovery rating of '1') and senior convertible subordinated notes ('BB-', with a recovery rating of '6') issued at parent American Medical Systems Holdings Inc....
Companies mentioned in this report are: American Medical Systems Inc.,Endo Pharmaceuticals Holdings Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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