This article was originally published in The Tan Sheet
Netherlands-based company completes purchase of the supplement retailer. Under the stock cash tender, Royal Numico bought approximately 63.1 mil. shares, representing 92.8% of GNC common shares, at $25 per share and will acquire the remainder pursuant to the merger. The deal was announced in July (1"The Tan Sheet" July 12, p. 3)
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The acquisition of General Nutrition Companies by the Dutch conglomerate Royal Numico will give the Pittsburgh-based supplement retailer an extensive R&D foundation on which to develop original nutritional products. The agreement was announced July 5.
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