BRIEF-ATI Physical Therapy Set To Go Public Through Merger With Fortress Value Acquisition Corp. II

Reuters

Feb 22, 2021

Feb 22 (Reuters) - Fortress Value Acquisition Corp II

:

* ADVENT INTERNATIONAL-BACKED ATI PHYSICAL THERAPY SET TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH FORTRESS VALUE ACQUISITION CORP. II

* FORTRESS VALUE ACQUISITION CORP II - DEAL VALUES ATI AT AN ENTERPRISE VALUE OF $2.5 BILLION AND IS EXPECTED TO PROVIDE UP TO $645 MILLION IN CASH PROCEEDS

* FORTRESS VALUE ACQUISITION CORP II - ADVENT INTERNATIONAL AND MANAGEMENT ARE ROLLING 100 PERCENT OF EXISTING EQUITY

* FORTRESS VALUE ACQUISITION CORP II - UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL OPERATE AS "ATI PHYSICAL THERAPY, INC."

* FORTRESS VALUE ACQUISITION CORP II - EXISTING MANAGEMENT TEAM, LED BY CEO LABEED DIAB, CFO JOE JORDAN AND COO RAY WAHL, WILL CONTINUE TO LEAD BUSINESS

* FORTRESS VALUE ACQUISITION CORP II - ADVENT WILL REMAIN ATI'S LARGEST STOCKHOLDER

* FORTRESS VALUE ACQUISITION CORP II - CASH PROCEEDS WILL BE USED TO PAY DOWN ATI'S EXISTING DEBT, REMAINING PREFERRED EQUITY

* FORTRESS VALUE ACQUISITION CORP II - INVESTMENT FUNDS AFFILIATED WITH FORTRESS INVESTMENT GROUP LLC ARE INVESTING $75 MILLION INTO PIPE

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2113382870"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2113382870\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2113382870?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-02-22 19:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2113382870","market":"us","top_or_hot":-1,"title":"BRIEF-ATI Physical Therapy Set To Go Public Through Merger With Fortress Value Acquisition Corp. II","media":"Reuters","content":"<html><body><p>Feb 22 (Reuters) - <a href=\"https://laohu8.com/S/FAII\">Fortress Value Acquisition Corp II</a></p><p> :</p><p>   * ADVENT INTERNATIONAL-BACKED ATI PHYSICAL THERAPY SET TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH <a href=\"https://laohu8.com/S/FVACU\">FORTRESS VALUE ACQUISITION CORP.</a> II</p><p>   * FORTRESS VALUE ACQUISITION CORP II - DEAL VALUES ATI AT AN ENTERPRISE VALUE OF $2.5 BILLION AND IS EXPECTED TO PROVIDE UP TO $645 MILLION IN CASH PROCEEDS</p><p>   * FORTRESS VALUE ACQUISITION CORP II - ADVENT INTERNATIONAL AND MANAGEMENT ARE ROLLING 100 PERCENT OF EXISTING EQUITY</p><p>   * FORTRESS VALUE ACQUISITION CORP II - UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL OPERATE AS \"ATI PHYSICAL THERAPY, INC.\"</p><p>   * FORTRESS VALUE ACQUISITION CORP II - EXISTING MANAGEMENT TEAM, LED BY CEO LABEED DIAB, CFO JOE JORDAN AND COO RAY WAHL, WILL CONTINUE TO LEAD BUSINESS</p><p>   * FORTRESS VALUE ACQUISITION CORP II - ADVENT WILL REMAIN ATI'S LARGEST STOCKHOLDER</p><p>   * FORTRESS VALUE ACQUISITION CORP II -  CASH PROCEEDS WILL BE USED TO PAY DOWN ATI'S EXISTING DEBT, REMAINING PREFERRED EQUITY</p><p>   * FORTRESS VALUE ACQUISITION CORP II - INVESTMENT FUNDS AFFILIATED WITH FORTRESS INVESTMENT GROUP LLC ARE INVESTING $75 MILLION INTO PIPE</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-ATI Physical Therapy Set To Go Public Through Merger With Fortress Value Acquisition Corp. II</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-ATI Physical Therapy Set To Go Public Through Merger With Fortress Value Acquisition Corp. II\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-22 19:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Feb 22 (Reuters) - <a href=\"https://laohu8.com/S/FAII\">Fortress Value Acquisition Corp II</a></p><p> :</p><p>   * ADVENT INTERNATIONAL-BACKED ATI PHYSICAL THERAPY SET TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH <a href=\"https://laohu8.com/S/FVACU\">FORTRESS VALUE ACQUISITION CORP.</a> II</p><p>   * FORTRESS VALUE ACQUISITION CORP II - DEAL VALUES ATI AT AN ENTERPRISE VALUE OF $2.5 BILLION AND IS EXPECTED TO PROVIDE UP TO $645 MILLION IN CASH PROCEEDS</p><p>   * FORTRESS VALUE ACQUISITION CORP II - ADVENT INTERNATIONAL AND MANAGEMENT ARE ROLLING 100 PERCENT OF EXISTING EQUITY</p><p>   * FORTRESS VALUE ACQUISITION CORP II - UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL OPERATE AS \"ATI PHYSICAL THERAPY, INC.\"</p><p>   * FORTRESS VALUE ACQUISITION CORP II - EXISTING MANAGEMENT TEAM, LED BY CEO LABEED DIAB, CFO JOE JORDAN AND COO RAY WAHL, WILL CONTINUE TO LEAD BUSINESS</p><p>   * FORTRESS VALUE ACQUISITION CORP II - ADVENT WILL REMAIN ATI'S LARGEST STOCKHOLDER</p><p>   * FORTRESS VALUE ACQUISITION CORP II -  CASH PROCEEDS WILL BE USED TO PAY DOWN ATI'S EXISTING DEBT, REMAINING PREFERRED EQUITY</p><p>   * FORTRESS VALUE ACQUISITION CORP II - INVESTMENT FUNDS AFFILIATED WITH FORTRESS INVESTMENT GROUP LLC ARE INVESTING $75 MILLION INTO PIPE</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FAII.U","symbol_name":"Fortress Value Acquisition Corp. II","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2113382870","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2113382870","pubTimestamp":1613994278,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Feb 22 (Reuters) - Fortress Value Acquisition Corp II :   * ADVENT INTERNATIONAL-BACKED ATI PHYSICAL","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FAII.U":"Fortress Value Acquisition Corp. II","FVAC.U":"Fortress Value Acquisition"},"translate_title":"简报-ATI物理治疗计划通过与要塞价值收购公司合并上市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FAII.U":1,"FVAC.U":1,"FAIIU":1,"FVAC":1,"FVAC.WS":1,"FAII":0.9},"content_text":"Feb 22 (Reuters) - Fortress Value Acquisition Corp II :   * ADVENT INTERNATIONAL-BACKED ATI PHYSICAL THERAPY SET TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH FORTRESS VALUE ACQUISITION CORP. II   * FORTRESS VALUE ACQUISITION CORP II - DEAL VALUES ATI AT AN ENTERPRISE VALUE OF $2.5 BILLION AND IS EXPECTED TO PROVIDE UP TO $645 MILLION IN CASH PROCEEDS   * FORTRESS VALUE ACQUISITION CORP II - ADVENT INTERNATIONAL AND MANAGEMENT ARE ROLLING 100 PERCENT OF EXISTING EQUITY   * FORTRESS VALUE ACQUISITION CORP II - UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL OPERATE AS \"ATI PHYSICAL THERAPY, INC.\"   * FORTRESS VALUE ACQUISITION CORP II - EXISTING MANAGEMENT TEAM, LED BY CEO LABEED DIAB, CFO JOE JORDAN AND COO RAY WAHL, WILL CONTINUE TO LEAD BUSINESS   * FORTRESS VALUE ACQUISITION CORP II - ADVENT WILL REMAIN ATI'S LARGEST STOCKHOLDER   * FORTRESS VALUE ACQUISITION CORP II -  CASH PROCEEDS WILL BE USED TO PAY DOWN ATI'S EXISTING DEBT, REMAINING PREFERRED EQUITY   * FORTRESS VALUE ACQUISITION CORP II - INVESTMENT FUNDS AFFILIATED WITH FORTRESS INVESTMENT GROUP LLC ARE INVESTING $75 MILLION INTO PIPESource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}