Doane Pet Care Co.(Teachers' Private Capital acquires all outstanding stock)(Brief Article)

Private Label Buyer, October, 2005

Doane Pet Care Co., Brentwood, Tenn., announces that all of its outstanding stock will be acquired by Teachers' Private Capital, the investment arm of the Ontario Teachers' Pension Plan, for total cash consideration of $840 million. As part of the transaction, the company will complete a recapitalization, which will allow the company to retire all of its outstanding preferred stock and reduce the amount of funded debt on its balance sheet.

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