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Water Pik-ed
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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