Board Approves Aramark Buyout

Aramark has signed a definitive merger agreement under which a group led by Chairman/CEO Joseph Neubauer will acquire the company in a transaction valued at approximately $8.3 billion (including the assumption of approximately $2 billion in debt). The deal was unanimously approved by Aramark's board of directors but is contingent on the approval of its stockholders, as well as the appropriate regulatory bodies.

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