Ambulance maker Collins to be bought for $110 mln

Newswire

NEW YORK, Sept 26 (Reuters) - Collins Industries Inc. , a manufacturer of ambulances and small school buses, on Tuesday said it agreed to be acquired by two private firms for about $110 million including assumed debt. The acquirers are Steel Partners II LP, a private investment partnership based in New York, and American Industrial Partners, a private equity firm. The terms value Collins shares at $12.50, a 31.6 percent premium over their Tuesday closing price. Collins said the purchase ...

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