Gillian Tan, Columnist

Leonard Green May Get a Bargain

A sign private equity may have an easier time putting dry powder to work.

April 27, 2016 at 4:53 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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ExamWorks -- which verifies illnesses and reviews medical bills for insurance companies, government agencies and legal firms -- should prepare for a little examination of its own.

On Wednesday, ExamWorks said it had agreed to be acquired by private equity firm Leonard Green & Partners for a mere 4 percent premium to its closing price Tuesday, or $35.05 a share. But there's a catch -- a go-shop provision that allows the company to seek out other buyers through June 1.