Fenway To Buy 1-800 Contacts

Fenway Partners has agreed to acquire 1-800 Contacts Inc. (Nasdaq: CTAC), a Draper, Utah-based provider of replacement contact lenses. The total deal is valued at around $340 million, with CTAC stockholders to receive $24.25 per share (21% premium to last Friday's closing price). Sonenshine Partners and Goldman Sachs advised CTAC on the deal, while Fenway has secured financing commitments from JPMorgan. www.fenwaypartners.com www.contacts.com