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NBTY

This article was originally published in The Tan Sheet

Executive Summary

Agrees to acquire three mail order companies: Nutrition Headquarters, based in Carbondale, Ill.; Lee Nutrition of Cambridge, Mass.; and Nutro Laboratories, out of South Plainfield, N.J. The companies will merge on a stock-for-stock basis, with NBTY issuing approximately 3 mil. pre-split shares of its common stock to the owners of the acquired companies. The acquired companies, whose aggregate sales totaled about $77.4 mil. for the fiscal year ended Sept. 30, 1997, will be merged into a wholly owned subsidiary of NBTY. "The transaction is expected to be accretive almost immediately and accounted for on a pooling of interest basis," NBTY says...
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