NBTY acquisition closes
This article was originally published in The Tan Sheet
Executive Summary
The Carlyle Group's $4 billion purchase of NBTY wraps up Oct. 1 after receiving an affirmative vote from the supplement firm's shareholders Sept. 22. Ronkonkoma, N.Y.-based NBTY is delisting from the New York Stock Exchange and shareholders are entitled to $55 in cash for each share of common stock. When the acquisition was announced in July, some analysts expected NBTY to attract higher bids during its 35-day "go-shop" period, but none materialized (1"The Tan Sheet" July 19, 2010)