Valley National Gases has been acquired by Caxton-Iseman Capital for $312m.
This is the private investment firms first venture in the industrial gas and welding supply markets.
Under the terms of the agreement, public shareholders of Valley National will receive $27.00 in cash for each share they own, which is equal to the closing price of Valley National shares on 13th November 2006.
Following completion of the transaction, Valley National will operate as a private company and continue to be headquartered in Washington, Pennsylvania.
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