Metabolife Value Decline Leads IdeaSphere To Reassess Purchase Terms
This article was originally published in The Tan Sheet
Executive Summary
IdeaSphere is terminating its acquisition of supplement maker Metabolife International following Metabolife's failure to meet its obligations under the purchase agreement, IdeaSphere announced Sept. 20
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Metabolife purchased
Ideasphere (ISI), owner of nutrition brands such as Twinlab and Nature's Herbs, has closed the transaction relating to its acquisition of supplement maker Metabolife, the firm announces Nov. 7. Key assets acquired include Metabolife's "core non-ephedra brands" such as Metabolife Ultra and Metabolife Complete and a lab facility which ISI will use to for product development. The firm expects the integration to be complete within 60 days. ISI initiated the purchase agreement when the Metabolife declared bankruptcy in July, but renegotiated the agreement after some "discrepancies in business practices" came to light in September (1"The Tan Sheet" Sept. 26, 2005, p. 10)...
Metabolife purchased
Ideasphere (ISI), owner of nutrition brands such as Twinlab and Nature's Herbs, has closed the transaction relating to its acquisition of supplement maker Metabolife, the firm announces Nov. 7. Key assets acquired include Metabolife's "core non-ephedra brands" such as Metabolife Ultra and Metabolife Complete and a lab facility which ISI will use to for product development. The firm expects the integration to be complete within 60 days. ISI initiated the purchase agreement when the Metabolife declared bankruptcy in July, but renegotiated the agreement after some "discrepancies in business practices" came to light in September (1"The Tan Sheet" Sept. 26, 2005, p. 10)...
Metabolife purchased
Ideasphere (ISI), owner of nutrition brands such as Twinlab and Nature's Herbs, has closed the transaction relating to its acquisition of supplement maker Metabolife, the firm announces Nov. 7. Key assets acquired include Metabolife's "core non-ephedra brands" such as Metabolife Ultra and Metabolife Complete and a lab facility which ISI will use to for product development. The firm expects the integration to be complete within 60 days. ISI initiated the purchase agreement when the Metabolife declared bankruptcy in July, but renegotiated the agreement after some "discrepancies in business practices" came to light in September (1"The Tan Sheet" Sept. 26, 2005, p. 10)...