Planet Organic turns New Leaf
This article was originally published in The Tan Sheet
Executive Summary
Canadian natural foods retailer Planet Organic Health Corp. announces Feb. 20 it signed a letter of intent to acquire a U.S. competitor, Santa Cruz, Calif.-based New Leaf Community Markets, for $9.75 million. Edmonton, Alberta-based Planet Organic, which anticipates the deal closing in April, says growth initiatives for New Leaf in fiscal 2008 signify "significant near-term growth opportunities in revenues and cash flow"...