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Stocks W / Waterpik Technologies
|Subject: Water Pik-ed||Date: 1/9/2006 3:43 PM|
|Author: TMFTwitty||Number: 18 of 19|
By Rich Smith
January 9, 2006
Well, that certainly took long enough. It's been more than a year since swimming pool and personal health care product-maker Water Pik (NYSE: PIK) announced that it was considering a "potential sale of a portion or all of the Company." Late on Friday, "considering" became "agreeing to."
The buyer in this case is Coast Acquisition, a subsidiary of the Carlyle Group, and it's paying $27.75 per share to acquire all shares outstanding of the little Motley Fool Hidden Gems Watch List pick....
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