Aramark, Shareholders Settle Buyout Share Price Lawsuit For $222 MillionAramark, Shareholders Settle Buyout Share Price Lawsuit For $222 Million

PHILADELPHIA Aramark Corp., the contract foodservice company based here, and its shareholders in conjunction with its $8.3 billion buyout in January. —A Delaware judge approved a $222 million settlement between

The settlement also included a provision in which Aramark would pay $2.1 million in legal fees and expenses to the shareholders’ lawyers. —A Delaware judge approved a $222 million settlement between

Bidders for Aramark, including chairman Joseph Neubauer and private-equity firms Goldman Sachs Group Inc., JP Morgan Chase & Co., Thomas H. Lee Partners and Warburg Pincus, originally offered $32 a share for the company, but raised the offer to $33.80, or $222 million, when shareholders called the initial bid too low. —A Delaware judge approved a $222 million settlement between

Aramark, which last year posted sales of $11.6 billion, completed the acquisition Jan. 26. The deal, funded in part by $4.4 billion in loans, marked the second time Neubauer has taken Aramark private. The first time was in 1984. —A Delaware judge approved a $222 million settlement between