Aramark Going Private Again

Aramark CEO Joseph Neubauer and a group of investors will take the food-services company private for the second time following a 95 percent majority vote by company shareholders December 20th.

The group, composed of Nebauer, Goldman Sachs, JP Morgan and Thomas H. Lee Partners, offered a nearly $6.3 billion leveraged buyout bid for Aramark, valuing the company at $33.80 per share. The transaction is expected to close later in the month.

The company was first taken private in 1984 and went public again in 2001.