ADP no shop

Dec. 15, 2011
During the 40-day "go-shop"period, ADP solicited alternative proposals to the proposed acquisition of the company by funds affiliated with JLL Partners.

WAKEFIELD, Massachusetts--American Dental Partners has announced the expiration of the 40-day "go-shop" period during which ADP solicited alternative proposals to the proposed acquisition of the company by funds affiliated with JLL Partners, a leading private equity fund.

The "go-shop" process was expressly contemplated by the previously announced Agreement and Plan of Merger, dated as of Nov. 4, 2011, that the company entered into with JLL Crown Holdings, a Delaware limited liability company, and JLL Crown Merger Sub.

American Dental Partners announces acquisition by JLL Partners

After a broad solicitation of financial and strategic parties during the go-shop period, which ended at 11:59 p.m. (Eastern time) on Dec. 14, 2011, the company did not receive any acquisition proposals.

The company expects the transaction to close in the first quarter of 2012, subject to satisfaction of the closing conditions described in the merger agreement, including receipt of stockholder approval.

Greenhill & Co. is the financial advisor to the special committee of the company's board of directors, and BofA Merrill Lynch is the financial advisor to the Company's board of directors.

For more information, go to www.amdpi.com.

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