Chatham Asset to acquire Vericast from MacAndrews & Forbes for $2.86bn.

Chatham Asset, a private investment firm, agreed to acquire Vericast, a marketing company, from MacAndrews & Forbes, a private equity firm, for $2.86bn. "Accordingly, we are pleased to submit an indication of interest to acquire the Company from MacAndrews & Forbes Incorporated. Based on our existing knowledge of the Company, we anticipate paying a purchase price roughly equivalent to the value of the Company’s outstanding indebtedness, with any additional payments for equity to be determined following the completion of due diligence," Anthony Melchiorre, Chatham Asset Managing Member.