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GNC suitor

This article was originally published in The Tan Sheet

Executive Summary

Bill Watts "has expressed a potential interest in acquiring GNC...in cooperation with a U.S. venture capital company," Royal Numico announces May 9. However, Dutch firm stresses "no decision on a possible future divestment" of the supplement retailer has been made. Watts will step down from Numico's Supervisory Board, firm says during Annual General Meeting of Shareholders. A former GNC CEO, Watts stepped down in March 2000 to join the Supervisory Board (1"The Tan Sheet" Nov. 6, 2000, p. 6)...
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